CAUTION: Tax Refund (reblog)
The temptation to use your tax refund to get that one creditor that is hounding you off of your back is understandable. However, if that does not solve your entire debt crisis, you may be wasting t… Source: CAUTION: Tax RefundBankruptcy Helped General Motors and Donald Trump. Can It Help You Too ?
Why is bankruptcy an acceptable, legitimate means to try to save your home and deal with other debt ? William D. Cohan, writing in the New York Times, gives us the answer: “Indeed, for corporations across the country, both big and small, using the bankruptcy process...Will you get to keep your tax refund money if you file bankruptcy ?
It is that time of year for tax refunds. We have questions from folks as to whether they can file Chapter 7 bankruptcy before filing taxes and still keep their tax refunds coming to them after they file bankruptcy or whether they can keep a tax refund received right before filing bankruptcy.