Wednesday, June 25, 2008

BUYING GAS CAN HELP YOU QUALIFY FOR BANKRUPTCY

What a loopy world we live in. I mean, we eat, walk around, work hard, and of course, play. For some of us, its a struggle. Well, actually, a lot of people struggle. There are such nice things to do, but they all cost money. Real money.

Until the last few years, we have as a country been able to do stuff with ease. Now, gas. Its almost 5 bucks a gallon. For most of us, it is now a HUGE part of our monthly expense. Believe it or not, it can be used to your benefit if you are in the situation to seek bankruptcy protection.

You see, the Government (yes, the same one that the gas prices have hit these prices) amended the Bankruptcy Laws a few years back to make it more difficult to file. A means test was added as a requirement prior to filing a Chapter 7 bankruptcy. This means that you had to analyze your income and debts, and determine prior to filing whether you made too much to get rid of all of your debts.

Your expenses aren't relevant unless you had income between $6,000 and 10,000. Now, the steep gas prices, it is a legitimate expense that helps one become qualified within these income ranges.

So don't fret---when you drive around and need to fill up, there is a way it can help you that prices are so high!

If interested, go to www.easychapter7.com for information.

Wednesday, June 18, 2008

WHAT'S UP WITH EQUITY LINES?


















Free Checking?

National City. Looks like a nice place. Where dreams come through, don't you think?

Well, many people had equity of lines of credit with this company. Many. They were so easy to get---you have any equity, you get your line. People use these lines for a variety of reasons--vacations, pay credit cards, use for improvements, or simply for no reason. When they got these lines, they signed the documents which obligate them. Most people lived up to their agreements. Most, except of course, National City.

National City's stock price has tumbled, and they got out of the equity line business. Now, they seem to find any reason to cut people off of their credit lines. They did for no reason to a number of customers.

Hopefully, National City's actions will cause them a class action lawsuit, or other karmic actions. It usually does. In today's times, people need certainty, and if National City's actions cause a bankruptcy, or a foreclosure, that is simply wrong.

There are good people who want to help when people are wronged. Please, if you have any questions, drop us a line.