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March 3, 2020 by Moellring & Ambler

Bankruptcy & Tax Refunds

Bankruptcy & Tax Refunds Each year, many people receive substantial tax refunds.  If they are facing a lot of debt, they must decide whether using the tax refund to pay creditors will help them out of debt.  If a debtor has one major creditor and can negotiate a payoff with the tax refund, this may be a good option.  However, when a debtor has multiple creditors and paying one will not ease the debt burden, bankruptcy may be a better option. Some important factors when considering … [Read more...]

Filed Under: Bankruptcy Tagged With: bankruptcy, bankruptcy & tax refunds, Bankruptcy Attorney, bankruptcy lawyer, Hannibal Bankruptcy Attorney, Quincy Bankruptcy Attorney

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