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IPFS News Link • Economy - Economics USA

Tax refunds being used to pay for bankruptcy filings

• USA Today
Some Americans spend their tax refunds on high-tech gadgets and long-awaited vacations. Others use the cash to file for bankruptcy.
More than 200,000 money-strapped households will use their tax refunds this year to pay for bankruptcy filing and legal fees, says a new study by the National Bureau of Economic Research.