New Year…Fresh Start! It’s Tax Refund Time!
Written on February 2nd 2012
It is a New Year and time for a fresh start. Did you know you can use your tax refund to achieve that goal? This is the best time of the year to get your bankruptcy filed. Now is when most of us get a healthy little check from the IRS and we can finally get caught up on all of the bills/debts that have been nagging us all year long. Unfortunately, for many of us, that check is not enough to get us out of debt but only enough to get everyone off of our backs for a little while.
What if that check COULD get you out of debt? Believe it or not, it can. Instead of using that money to put a very small dent in your debt, you can spend it on the things you really want and need and to pay for a bankruptcy to wipe out that old debt once and for all. Instead of wasting that money to pay interest on your credit cards, you could get your car fixed, make home repairs, get braces for your kids, or finally get those new glasses that you have needed for a while.
While it may seem unfair that you can wipe out your debt and keep your tax refund, it is not. In Ohio, you are entitled to keep the portion of your tax refund that is attributed to Earned Income Credit and Additional Child Tax Credit so that you can take care of any necessary expenses without the bankruptcy court taking those funds to pay towards your debt. It also makes good financial sense to take care of those necessities now, while you have the funds, rather than paying on past due debt, only to turn around and incur new debt to pay for those necessities you have been doing without for so long.
It’s a new year, and a chance to start over fresh. Now is the time to contact us for a free consultation so you can finally learn what your rights are. Now is the time to get that financial freedom you have been searching for!
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