Now that April 15 has come and gone, almost every American should have filed their taxes. People who are employed will generally receive a refund. For those who are buried under a mountain of credit card debt, they should consider using their tax refund to file for bankruptcy. Many Americans are kicking their way and paying minimum payments. Many use their tax refund to catch up on late payments, only to end up backwards again in a few months. Some of these people do not file for bankruptcy because they believe they do not have enough money to hire a bankruptcy attorney. They lived month after month robbing Peter to pay Paul. This is no way to live and what better time to file for bankruptcy is when you receive a lump sum of cash returned from the government.

Recently, an article appeared in USA Today stating that more than 200,000 households will use their tax refunds to pay for bankruptcy. Not surprisingly, the economy continues to slide down a muddy slope. This time of year is usually very busy for a bankruptcy attorney. Many people realize the financial difficulties they are having after doing their taxes. Many tax preparers will even advise their clients on the idea of ​​filing for bankruptcy as a way to reduce their debt. For someone who is going to receive a tax refund, it would usually be enough to cover the cost of a bankruptcy attorney and filing fees.

The other time of year that is important to file for bankruptcy is right after the New Year. As everyone knows, most people come up with some kind of New Year’s resolution to improve their life. Lately, financial affairs have become the center of attention for most Americans. Not only are the people suffering, but the government is also buried in debt. It’s no wonder Americans have followed suit, as the old saying goes, “When in Rome, do what the Romans do.” At the end of 2011, the average American has $ 15,799 in credit card debt. As wages continue to decline and debt ratios continue to rise, it’s time to put an end to it all.

People use every excuse in the book for why not file bankruptcy. The bottom line is that it is usually pride. Some believe that if they give it a little more time, something good will come into their lives that will get them out of debt. That tax refund could be the blessing in disguise for that person to hire a bankruptcy attorney, stop all the madness, and get out of debt. When you ask a bankruptcy attorney if you ever get any feedback after filing for bankruptcy, they will generally say that the person who filed for bankruptcy only wished they had done so sooner.