Now that the school year is in full swing, thoughts of the fall and winter and the parade of holidays coming up are on many people’s minds.
But this is often the most stressful time of the year, and debt problems can turn what should be something to look forward to into a nightmare. Phone calls, lawsuits, garnishments, and harassment makes things impossible to plan decent holiday time with the family.
Think about doing a Denver chapter 7 bankruptcy NOW and give yourself the benefit of a discharge of your debts before year end.
One major issue to consider in late year filings are TAX REFUNDS which you may receive early next year. If your refund is substantial, you may lose your refund to the bankruptcy estate if you file before the refund is received and spent on ordinary living expenses for you and your family. However, earned income credit and additional child tax credits are benefits that are exempt and protected under state law.
These considerations of if and when to file should be made only with the advice of an experienced bankruptcy lawyer. Please call me, Peter Milwid, at 303-831-0733 to talk about this if you are considering filing and want to know what to do.