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Law Office of Paul R. Idlas
Bankruptcy Attorney For Lake County, Illinois, And The Surrounding Area

Grayslake, Illinois, Bankruptcy Law Blog

Could a tax refund also mean bankruptcy?

The first three and a half months of the year are big for the tax industry, but could it also be big for bankruptcy too? Tax refunds are often used by people as a way to catch up on bills, but for those too far behind, it could provide the resources to pay the legal fees associated with bankruptcy.

Marriage and financial stability often go hand-in-hand. The divorce rate spikes from January to March, so it may be no surprise then to learn that the rate of bankruptcy filings rises at the end of tax season. Like a marriage, finances can reach a breaking point too. But, like a divorce, bankruptcy can be a fresh start for people in debt.

Bankruptcy and Child Support: Important Facts

No matter how much money you make, going through a divorce can be financially devastating and may leave you needing to file for bankruptcy. You never thought you'd be in this position but after the divorce was finalized your financial status drastically shifted and on top of it all, you're now required to make monthly child support payments.

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