Tax Refunds are Vulnerable in Bankruptcy We’ve said it time and again on the forum, tax refunds are the number one asset that trustees routinely take from debtors. Exemption laws in most states only go so far to protect cold hard cash and anything over and above your state’s designated exemption is fair game for [...]
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Missouri bankruptcy filers have more protection for their tax refunds now. Particularly working families have more certainty their financial needs won’t be disrupted when they need to file Chapter 7.