Monthly Archives: April 2013

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Federal and state income tax refunds in bankruptcy

Now that we're in tax season, it is appropriate to say a little something about federal and Wisconsin state income tax refunds. The main thing to know is that a debtor's right to receive a federal and Wisconsin state income tax refund may be considered an asset of the bankruptcy estate unless the refund can [...]

By |2013-04-30T00:42:14+00:00April 30th, 2013|Uncategorized|0 Comments

Inherited IRAs in Bankruptcy: Are they protected?

Most clients these days have some type of retirement account, whether it be a 401k, 403B, SEP, profit sharing plan, or an IRA. Clients contemplating bankruptcy understandably want to know, "Is my retirement account safe?" or "Am I going to lose that if I file for bankruptcy?" Fortunately, the general answer has been that a [...]

By |2013-04-04T02:06:39+00:00April 4th, 2013|Uncategorized|0 Comments