Bankruptcy Tuesdays

     This month we’ve been discussing tax refunds and how that may impact your bankruptcy case. Generally, refunds due to you are assets of the bankruptcy estate, and may be claimed by the bankruptcy trustee. Last week we discussed an exception to that rule, where the tax refund is due to the earned income credit or the additional child tax credit. There’s one other important exception: when you already owe income taxes from a prior year. In that instance, the taxing authority won’t issue you a refund but will apply the money you would otherwise be entitled to against the taxes you owe. This benefits you two ways: (1) there won’t be any refund for the trustee to take; and (2) your obligation to the taxing authority (which is generally not dischargeable in bankruptcy) will be reduced by the amount of the refund. More to come on tax refunds next week from our bankruptcy attorney, Jim Wholly. Have a great Tuesday!

 

What Our Clients Say

I can't tell you how much it meant to me to have all of you on my side. When I was unsure of myself and of my circumstances. You were so kind, thoughtful and reassuring. When I was called, I got nervous to all of my questions. It was the best experience ever with an attorney and crew.

A.G.

Millinocket, Maine

This Law Office offers the utmost in making a client feel comfortable and able to communicate without feeling intimidated or nervious. Kind, friendly and very professional service. I would never go anywhere else and proudly recommend this law firm.

Rochelle Waycott

Baileyville, Maine

Can't say enough not only about the professionalism of the whole office and attention to detail but the fact you make us feel we were always your highest priority even though you have many other clients. We also felt we were treated like family and never a bother. Everyone eager to please.

David Goldsmith

Bangor, Maine

I was very well satisfied with the work you had done for me, and I would highly recommend you to anyone.

David West

Steuben, Maine

I feel safe in your care. Your firm handled my case with full support of me. If in the future I need a lawyer, I will go to your firm. I also will refer my friend to you.

Darlene Kilton

Medway, Maine

I would recommend the Law Office of Carl D. McCue LLC to anyone that has a legal issue. They are compassionate, efficient and very informative.

Gail M.

Carmel, Maine

Web Design & Development © 2019 Links Web Design, Bangor, Maine | Sitemap

Website Content Copyright © 2019 McCue Law