My boyfriend was behind on his tax returns, and we filed an adjustment to previous year returns. The money for the refund should be in anytime, however he has had to claim bankruptcy in the meantime. The money is supposed to be deposited into a joint account, is he going to get the money? If he does, does it need to be reported? Also, is there anything that they can do regarding the joint account as far as freezing it?

If the refund is not in before your boyfriend makes the assignment then it belongs to the bankruptcy estate and must be turned over to the Trustee if it isn't sent to the Trustee directly by the government. There is no reason why your joint account should be frozen or closed unless your boyfriend owes money to the bank where the account is held. If he does, the bank may no longer want him as a customer.

Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca