Under the Bankruptcy Code, a creditor may ask for a copy of the tax return that you are required to give to the bankruptcy trustee seven (7) days before your meeting of creditors.
A creditor will typically be interested in your tax return to compare it with any information you provided to it in the course of obtaining a loan from them. Your tax return might also include information about certain assets you own, such as real estate.
The creditor must file with the bankruptcy court a formal request for your tax return. Section 521(e)(1) of the Bankruptcy Code provides “if a creditor files with the court at any time a request to receive a copy of the petition, schedules, and statement of financial affairs filed by the debtor, then the court shall make such petition, such schedules, and such statement available to such creditor.”
If you fail to provide the creditor with a copy of the tax return, you risk having your case dismissed, under Section 521(e)(2)(B).
