It’s tax season, which means many people can expect a significant tax return in the near future. For those deep in debt, this extra money can seem like a godsend, enabling them to pay down some debt. Before mailing that check to your creditors, consider using your tax return on a Troy bankruptcy lawyer. It may ultimately prove to be a wiser use of this money.
Deciding what to do requires an honest evaluation of your financial situation. Will this money completely pay off a debt? Will it help you get ahead of your bills and stay ahead? If the answer to these questions is yes, then it may be a good idea to use this money to pay off debt. If this is just the boost you need to get on top of your debt and stay on top of it, then sending this money to your creditors might be a good idea.
If, however, you realize that you will simply fall behind again next month, then it may be wiser to use this money on a bankruptcy lawyer. If you are eligible for a Chapter 7 discharge, then this money could be used to get you completely debt free. Instead of falling behind again next month, this will be a permanent solution to your current debt issues.
To be certain, filing bankruptcy is a big decision that should not be entered into lightly. A bankruptcy lawyer can discuss your financial situation and help you make the best decision for you and your family. This way, you can be sure you are getting the most out of this money.
At Westbrook Law Group, we know how difficult it can be to struggle with debt. We can examine your situation and carefully explain your options, allowing you to make an informed decision on how to spend this money. For a free consultation to discuss your debt problems, contact Westbrook Law Group today.