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Tax return used to pay tuition fee

I am a student who used my tax return to pay for my tuition fee. Now I have to go into bankruptcy. Will my trustee still ask me to return the tax refund to him?

Posted from: British Columbia

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One Response to “Tax return used to pay tuition fee”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

It is very possible that you will have to repay the money into the bankruptcy estate. By paying for the loan on the eve of bankruptcy essentially you have organized your finances in a fashion that is detrimental to he creditors and benefits you. The best thing to do in this type of a situation is to contact a local trustee and discuss this with them directly.