How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Terry L. Your Own Question
Terry L.
Terry L., Attorney
Category: Bankruptcy Law
Satisfied Customers: 2897
Experience:  Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.
Type Your Bankruptcy Law Question Here...
Terry L. is online now
A new question is answered every 9 seconds

Hi I have been thru the Trustee Meeting and the Chapter

This answer was rated:


I have been thru the Trustee Meeting and the Chapter 7 is moving thru now. The trustee wants to take any money I get from my IRS of 2009. I was trying to save my house with that money (7K). Can they and will they take away my only income from the IRS
Hi and thanks for your question.
Unfortunately there is no exemption in California to protect that much tax refund.
Since this is an asset in your case (money was technically earned last year) the trustee can use it to pay to your creditors. There are small wildcard exemption amounts that you might be eligible to use to protect a little of this, but would depend on the exemption list you chose. Talk to your preparer to see if you have any available to use to protect. Some states offer no protection, some a little, and some are more generous. best of luck to you.
Terry L. and other Bankruptcy Law Specialists are ready to help you

Related Bankruptcy Law Questions