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.

No comments: