One of the most frequent questions we get is, If I file for bankruptcy, what happens to my tax refund? After all, that tax refund is a great way to get through any yearly rough patches (or handle a bit of christmas over-spending)! It can be quite shocking to find out that when filing for bankruptcy, the trustees receive your full tax refund. Rather than panic, work with an attorney to help you plan ahead and lessen the shock of losing that tax refund. Requesting help from a budgeting ninja or a bankruptcy-savvy financial planner can also help you plan your yearly expenditures more easily, allowing for an almost painless bankruptcy filing.
Need to speak with someone about your situation? Need a referral to a bankruptcy-savvy financial planner? We can help! Call us today at 623 - 252 - 0742 or send us a note.