Grand Rapids Attorney is warning about chapter seven bankruptcies this time of year as the 2013 tax refund will not be issued until the Spring of 2014. If you are filing chapter seven bankruptcy between now and until the time you file for your tax return, this is not an asset you have in your hand and that you can count as an asset. It is something that is allowable in the future. However, bankruptcy laws state that it is an asset that you currently hold and are vested in and if you do not list the anticipated tax refund and exempt it, the bankruptcy trustee can attach it, take it and pay your creditors. So, beware if you are filing chapter seven bankruptcy between now and until the time you file your tax return. Therefore, please be sure to exempt your anticipated tax refunds.