Taxes are due in less than a week. Have you filed yours yet?

Tax season is not the most exciting time of year, but there’s one reason to embrace it. Your tax refund could be the key to a debt-free life.

Bankruptcy is life-changing.

As a bankruptcy attorney in Memphis, TN, I’ve witnessed the power of bankruptcy firsthand. Getting out of debt can transform your life in ways that seem impossible when you’re saddled with a mound of bills you can’t pay. People are able to buy the home they’ve always dreamed of—to send their kids to great schools and save up for retirement.

Your tax refund can be life-changing too, depending on how you spend it. Using your refund to buy financial freedom is one of the smartest decisions you can make. Many people look forward to splurging on short-term pleasures. Why do that when you can change your life forever?

Debt feels like a cycle that’s impossible to break.

Many clients come into our office with what started as just a few hundred dollars of credit card debt but snowballed into much, much more.

Credit card debt is at an all time high. According to new data released from the Federal Reserve Bank of New York, Americans had $930 billion in credit card debt in the final quarter of 2019. That’s a new record—$46 billion more than the previous quarter, and $57 billion more than the same period in 2018.

These statistics are deeply troubling. The cycle of debt is overwhelming. It is hard to see a light at the end of the tunnel when you’re in so deep. But there is always hope, and it could start with your tax refund.

Debt is not something to feel ashamed of. Throughout my career as a bankruptcy attorney in Memphis, TN, I’ve met many hard-working people who have fallen into debt through no fault of their own. Few families are prepared to face an unexpected job loss or medical emergency, and yet we live in a time where such events are shockingly common. They could happen to anyone.

No one needs any additional hardships this year.

If there were ever a year to maximize the power of your tax refund, this is certainly it. COVID-19 is more than a physical condition. It’s triggered an economic crisis that bleeds into just about every area of life. Record levels of unemployment have many Americans scared about their future. No matter how bleak things may seem, there is a way out. By using your tax refund to file for a Chapter 7 or Chapter 13, you can take the first steps toward a brighter future.

Already have your tax refund? Give us a call.

Financial freedom can be yours. A tax refund makes it possible. As a bankruptcy attorney in Memphis, TN, I’m happy to discuss your options and help you make a plan. You deserve to experience financial freedom.

Contact me today to set up a free appointment, no strings attached. Call (901) 327-2100 or contact us online.