PROTECTING YOUR TAX REFUND - KNOW YOUR RIGHTS!

PROTECT YOUR TAX REFUND FROM NAGGING CREDITORS – PART ONE

               It is tax time again! It is during this time of year that many families look forward to receiving a tax refund to help them keep their head above water.  Many people need their tax refunds to buy the basic necessities that they have put off purchasing.  For many people, tax refunds are used to buy clothes for the children; get those long overdue glasses that you needed; repair the car; catch up on utility bills; and, sadly, even stock the pantry with staples or buy the medications that you gone without.

               Unfortunately, many people make a huge mistake when they receive their tax refund.  They do the very thing that we advise against.  They try to pay up past due credit cards, payday loans, finance companies or medical bills.  Maybe they try to catch up payments on their home or their cars.  These actions are usually only a temporary fix and do not eliminate a person’s financial problems. 

               This is also the time of year when your creditors will behave the worst!  They know you are probably going to get a tax refund.  In fact, in 2013 approximately 75% of the people that filed income tax returns received a refund.  So, your creditors are betting you will too. 

               Over the next few weeks, you can expect the harassing phone calls from your creditors to increase. These calls will be high pressure and the collectors will, most likely, lie to you.  They will tell you they can take your tax refund.  For the most part, this simply is not true.  An “ordinary” creditor cannot take your tax refund.  In Part Two of Protect Your Tax Refund From Nagging Creditors, we will explain which creditors can take your tax refund and which creditors are considered “ordinary” creditors.

               Before you agree to hand over any part of your tax refund to a creditor please set a time for a FREE consultation with one of our experienced bankruptcy attorneys.  We can show you how you can keep your tax refund and eliminate your debt.

              Just give us a call at 706-868-1968 today.  We can help!