Bankruptcy and Tax refund
Hi my partner went bankrupt in august 08 and he just got his pre bankruptcy tax return copy back it shows that?
he will get a refund of 1.7k but becuase he is 2nd bankruptcy can they keep his refund . im not sure how that works but he is away and is unable to contact them due to his job. And they wont discuss it with me even tho im commanlaw with him
also i just looked at his post bankrutpcy return says refund at 1.3k if anyone know it be great
Posted from: Nova Scotia
Irrespective of whether we are dealing with a first or second bankruptcy, any tax refunds for the year of bankruptcy or any previous years are lost as part of the bankruptcy. So if your partner went bankrupt in August of 2008 then he will loose both the 2008 pre and post bankruptcy refunds.