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Terry L.
Terry L., Attorney
Category: Bankruptcy Law
Satisfied Customers: 2815
Experience:  Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.
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Does declaring bankruptcy take away your tax return money

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Does declaring bankruptcy take away your tax return money?
Sometimes yes. This can vary by local courts. Some states allow you to use any available wildcard exemptions to protect a portion of the tax refund. 703.140 (b) (5) provides a wildcard exemption of $925.
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