USA Today reported in April 2012 that more than 200,000 American households were expected to use a portion of their 2011 tax refund checks to pay for bankruptcy filings.  Although we have not yet seen any projections for this coming tax season, we expect to see a similar result in 2013.

As you receive your tax refunds and make plans for using it to pay down your debts, we encourage you to check in with Abelmann Law and come in for a free consultation before you take any action.  We can assist you in analyzing the best strategy; you have many options other than just using the money to fill what may seem like a bottomless pit.