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Q: Does bankruptcy affect eic eligibility
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If you filed chapter 13 bankruptcy will the trustee take your tax refund?

Yes. For 3 years. They do not take it all. You will get to keep your EIC and certain other credits that may be given that year. This is per my bankruptcy lawyer.


If EIC earned income credit is more than refund can student loans take your taxes Bankruptcy and other agencies cannot take your tax refund when eic is greater in amount than that of the refund?

Any federal or state agencies (including student loan and child support) have the right to take any amount due from your refund. It has nothing to do with EIC and they have the right to take the whole refund you are due if you are in default or have a judgment against you.


What do you do to get your name and your children removed if someone used your name income and children as dependents for their bankruptcy?

Your question needs to be addressed to an attorney familiar with bankruptcy laws as well as fraud statutes. You could begin by informing the bankruptcy trustee. That is the person assigned by the bankruptcy court to determine the eligibility of the bankruptcy applicant. If you can't find out who this person is, try calling the bankruptcy court. Bankruptcy is a federal court issue. There are usually two bankruptcy courts per state.


How will bankruptcy affect the sale of real estate property?

No property can be sold, transferred, refinanced, etc. while in bankruptcy without the permission of the bankruptcy court.


Will your credit rating be affected by your partner filing bankruptcy?

If your partner files for bankruptcy and you don't then the bankruptcy will not appear on your credit report. But you will be partly responsible for before bankruptcy filing. Generally filing bankruptcy will affect the credit rating of the individual who filed it.

Related questions

Do you get the eic in Florida?

The Earned Income Credit is eligible to citizens in all 50 states when filing their yearly federal income tax return. There are eligibility requirement to meet the test for receiving EIC. http://taxresolutionaries.blogspot.com


Can you do chapter 7 after repo?

There is nothing about a repossession which prevents eligibility to file for bankruptcy.


If you filed chapter 13 bankruptcy will the trustee take your tax refund?

Yes. For 3 years. They do not take it all. You will get to keep your EIC and certain other credits that may be given that year. This is per my bankruptcy lawyer.


Can bankruptcy affect your IRA?

NO


Do savings accounts affect eligibility for medicaid?

Medicaid is a "means-tested" program. So, your savings account might affect your eligibility. You are required to verify the amount in the account.


You are in chapter 13 bankcruptcy can you apply for unemployment?

The criteria for eligibility for unemployment has to do with circumstances of loss of job, not whether you are in a bankruptcy.


If EIC earned income credit is more than refund can student loans take your taxes Bankruptcy and other agencies cannot take your tax refund when eic is greater in amount than that of the refund?

Any federal or state agencies (including student loan and child support) have the right to take any amount due from your refund. It has nothing to do with EIC and they have the right to take the whole refund you are due if you are in default or have a judgment against you.


How would bankruptcy affect a license to sell insurance?

Bankruptcy would not affect your license to sell insurance in any way. It does not affect your ability to continue to make money.


In what area can Chapter 7 attorneys be found?

Chapter 7 attorneys are also known as Bankruptcy attorneys. They can help one find out your eligibility for Chapter 7 bankruptcy and get one a fresh start.


Does a family income affect a student's eligibility for a pell grant?

no.


Where can you find information about corporate bankruptcy laws?

Does corporate bankruptcy affect personal credit?


What is the congress role in bankruptcy?

The United States Congress has the authority to establish the laws and regulations governing bankruptcy through the Bankruptcy Code. Congress shapes the bankruptcy laws, including eligibility criteria, debt discharge rules, and the procedures for filing and resolving bankruptcy cases. Additionally, Congress provides oversight of the bankruptcy system, regularly reviewing and amending bankruptcy laws as necessary.