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If you are in a C. 7 or within 6 months after the close of your case, any tax refund is property of the bankruptcy estate and must be turned over to the trustee. You may not get a loan against an asset (tax refund) without the court's permission.

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Q: Can you get refund anticipation loan if you have a chapter 7 bankruptcy?
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Related questions

What is required to qualify for a refund anticipation loan?

nothing


If a chapter 13 bankruptcy was dismissed in June of 2005 when could tax refund offset of a student loan be expected?

If you are due a refund for taxes filed for the 2005 tax year, that refund can be siezed to offset the student loan - and every refund after that too.


How much is a Jackson hewitt refund anticipation loan?

please tell me....i may need one for the holiday's


Can you get a mortgage loan if you are in a chapter 13 bankruptcy?

If you are lucky, yes. But most likely, no lender will give you a mortgage loan if you are or have declared bankruptcy.


Can an advance cash loan be part of a Chapter 7 bankruptcy?

Yes, it is an unsecured loan.


Can you get a personal loan with an open chapter 7 bankruptcy?

maybe


Can you get a loan when you are still in chapter 13 bankruptcy?

yes u can


We used H and R Block in 2006 and will be using them in 2008 so can I get an anticipation loan now?

Assuming that you have a refund coming, yes, you should be able to get an anticipation loan when doing your taxes in December of 2007 for the 2007 tax year.


What is a typical interest rate for a refund anticipation loan?

The typical interest rate for a refund anticipation loan, RAL can vary widely and consumers should understand all the cost with this type of loan. RALs often carry extremely high interest rates, which do not include other fees such as electronic filling, application, and check cashing fees. With all that, taxpayers can end up spending more than 10% of their refund, just to receive their income tax refund sooner.


How do I find out if you owe the bank for the Refund Anticipation Loan?

If it isn't your refund anticipation loan, then you can't find out that information. A RAL is money borrowed from a lender according to the refund you're expecting to receive. This is a loan between you and the lender, and it's considered a contract. Therefore, you can only find out about your RAL, not someone else's. If your tax return has incomplete or inaccurate information that results in a smaller refund than the amount advanced to you through the RAL, then the tax preparation business that filed your RAL for you usually has that information.


Is a car loan discharged under chapter 7 bankruptcy?

Whether your car loan is discharged by a bankruptcy or not will depend on your state and the equity in your car. Whether the loan will be discharged or not is called an "exemption".


How can one receive tax refund anticipation loans?

Several companies offer tax refund anticipation loans and many are available online. Instant Tax Service, ETax Loan, and H&R Block are just a few of the companies that offer these services.