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  • Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
    --Donna
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
    --David
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
    --Anonymous
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
    --Anonymous
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
    --Joanna
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.
    --Danielle

Can You Keep A Tax Refund In Bankruptcy?

With this year’s tax season wrapping up, many Americans will start receiving a refund from the government. If you are considering bankruptcy and expect a refund for your 2020 taxes, you should talk with a lawyer about any amount you expect to receive this year because even if the money is not in your pocket the bankruptcy trustee can take
that money from you to pay your creditors once you have filed.

If you have just filed your taxes and have not yet received your refund, the refund would be treated as an amount owed to you and would need to be included and exempted from court-driven liquidation in a chapter 7 case. If you are using 704 exemptions to protect your home equity, it is not possible to protect a refund if you have not received it
yet since there are no exemptions that protect this type of asset. However, there is a little more flexibility on how tax refunds can be handled if they have already been received before filing for bankruptcy. Once the refund(s) is in your possession, the money is treated just like any other cash you might have on hand or in a bank account. If you have any significant amount of money on hand or in a bank account, you should discuss these funds with your bankruptcy attorney to see if they can be protected and if they cannot be exempted in their current state you can seek guidance
on how these funds can be spent down or placed in safer havens outside of the trustee’s control.

Are you considering bankruptcy but expect a tax refund that you need to get by and cannot afford to lose? To see how we can help you today, please feel free to reach out to your Yuba City bankruptcy attorney at (530) 797-4402.

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