The answer is yes, and you’re not alone. According to recent research submitted to the National Bureau of Economic Research, approximately 200,000 Americans will use their tax refunds to pay for bankruptcy filing this year. For many Georgians who have seen their debt go out of control due to events like job loss, foreclosure, or medical emergencies, filing bankruptcy is an excellent way to get a fresh start.
A common question is: should you file your taxes before you file for bankruptcy? In most cases if you are expecting a refund the answer is yes.
Bankruptcy can be a complicated process; the experienced attorneys at King and King are available to answer questions about your unique situation during your free bankruptcy consultation. Your attorney will also help you decide if you should file Chapter 7 bankruptcy or Chapter 13 bankruptcy, and how best to protect your assets.
If you’re ready to get your financial future under control, call King and King at 404-524-6400 for a free consultation today or visit us at www.kingandkingattorneys.com for more information.