Bankruptcy Basics

Got your bankruptcy discharge?  

Great!  You’re on your way to a fresh start.

Now you’ve got work to do.

So what does bankruptcy have to do with the NCAA investigation of the University of Miami?

Tax Refund Anticipation Loans (RALs) are short term loans that are made by Lenders, through tax preparers, which are secured by a taxpayer’s tax refund.

With interest and fees associated with RALs, the effective annual percentage rate for these loans are often in the triple digits.