Bankruptcy Law/Income Tax

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Expert: - 4/28/2008


Question
I filed chp 13 in Aug 2007. I did not surrender my tax refund for 2008 simply because i didnt know i had to. I got a letter for lack of feasiblity, so what does that mean now?

Answer
It sounds like your chapter 13 plan is not feasible...meaning you do not have enough income to pay into the plan to complete within 60 months, based on your plan requirements.  Speak with your lawyer (or Trustee if you don't have an attorney) to help you out.

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Terry Leeders

Expertise

Handles Chapter 7 and Chapter 13 bankruptcy cases.
10 years of extensive bankruptcy experience. Filed over 3000 cases
Chicago Bankruptcy Lawyer website
"One On One Personal Service You Deserve"

Experience

I have been practicing bankruptcy law for 10 years. I have helped over 3000 consumer bankruptcy clients in that time.

Organizations
Chicago Bar Association Illinois Bar Association

Publications
author of Chicago Bankruptcy Blog
Chicago Chapter 13 Bankruptcy Blog
Illinois Bankruptcy Law Blog
Fresh Start Partners

Education/Credentials
University of Illinois Thomas M. Cooley Law School
Chicago Bankruptcy Lawyer website

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