A popular saying “working too hard to make money” rings true for many Americans who are stuck in a cycle of working hard at their jobs to make ends meet, with little time or energy to gain additional training or skills to move up the ladder to a better paying job. Many have just enough money to cover the basics of food, shelter and transportation, which leaves a good number at risk for financial problems if an unexpected expense arises.
Bankruptcy Filings Peak With Tax Refunds
When families get in over their heads, many might consider bankruptcy protection to get a fresh start. Perhaps not all that surprisingly, tax season is also thought of as bankruptcy season. Filings peak as families receive their tax refunds and secure the help of an experienced bankruptcy attorney to solve their difficult financial situation once and for all. For many, it is the one time of year that families can afford the services they need to solve a difficult financial situation.
If you are considering bankruptcy, it is a good time to get more information. Many attorneys offer a free initial consultation where you provide your information, ask questions, and receive candid feedback regarding your eligibility for bankruptcy and whether it is a good strategy for your unique circumstances. If bankruptcy protection is an option, having more information will give you time to consider what your goals are – whether chapter 7 or chapter 13 is a better fit – and provide you time to prepare for filing.
The bankruptcy consultation and evaluation are completely free of charge. Illinois bankruptcy attorney Charles E. Covey works with clients in Peoria and the surrounding communities to evaluate their particular situation. He has helped thousands of clients who were once facing significant debt challenges get a fresh start. Call 309-674-8125 to schedule a free consultation or contact us by e-mail.
