Another Financial Related Post: Bankruptcy

This is always an interesting time of year. We start seeing lots and lots of tax returns rolling in. I have different feelings on why people get their "early." I would guess there are people who just want their money because they don't want the government to have it any longer. Why not just plan the year before and take more when you get paid?

Another one of my theories is that people are just needing this cash quickly. Too quickly sometimes. They take these "fast loans" based upon what they speculate their returns to be. I'm always amazed at the amounts, but this year, I finally understand why people come to the bank with 4, 5 even 6 thousand dollar checks. Two words: Dependents and Deductions. Getting Married this year changed all that for me. HOORAY!

Ok, but your post title talks about "Bankruptcy". Right, and the what is the main reason people declare bankruptcy? debt.

Debt is a reality for most of us. It comes from a variety of sources. This time of year is an excellent time to consider a few things: should I put my tax return towards more stuff or reducing my debt?

The best option is to pay off your debts as soon as you can. So before you get $$ in your eyes, take a minute to remember your priorities.

ab, aditloab.

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