Paying for Bankruptcy with your Tax Return

Debt seems like a treadmill sometimes. You get a little ahead, and it forces you right back.

USA Today is reporting that tax returns are being used to pay the filling fees for bankruptcy.

For many people it is the only thing that they can use to get caught up on their credit card bills, or help pay that missed mortgage payment. But the treadmill pulls them back eventually, and next year's tax return already seems spent.

More and more people are seeing past the stigma of bankruptcy. According to the USA Today report more than 200,000 thousand people will be using tax returns to declare bankruptcy. Bankruptcy isn't a failure, it is a tool that helps you regain control over your debt. Declaring bankruptcy shows that you are committed to rebuilding your financial future and that you want a plan to help you get there. It also means that you do not want your next tax return to be used to catch up on your debt, you want it to be used to build a better future for your family.

If you are thinking of using this year's tax return to make debt payments, it is time to call us and get a free consultation. We can help you get a clear sense of your financial situation, and help you get a handle on your money. Please do not waste another tax return on debt payments, you owe it to yourself.

You can also call us at 1-815-397-2006 to talk about your issues.