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My house has a lot of equity and I was told by an attorney I need to use WI exemptions when I file bankruptcy. I am expecting a $5000 tax refund in the spring. Is that protected or will I lose it?
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Bankruptcy Attorney serving Overland Park, KS
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Generally the Trustee has the first right to your tax refund and will generally take a majority of it to pay creditors.
Answered on Dec 29th, 2011 at 3:36 PM