July 2009
Qualifying for Chapter Seven Bankruptcy
The inquiry we get the most from people is “do I qualify for chapter 7 bankruptcy?” The new bankruptcy laws have adjusted who is eligible to file personal bankruptcy to prevent people from taking advantage of the system. So, do you qualify for ch 7 bankruptcy?
Individual - You must be an individual to file ch 7. You can be single or married. If you are married you may file with or without your spouse. Your spouse’s income will have to be considered even if you are not filing together in order to see if you qualify for chapter 7.
Income - Under the new bankruptcy laws chapter 7 filers must submit a bankruptcy means test which checks if you have the means, enough spendable income, to pay at least a portion of your debts. Your income is compared to the state median for a family of your size, if it’s below the median then you qualify for chapter 7.
You can still qualify for chapter 7 if your income is higher than the median in your state by showing your living expenses. The means test will then compare your living expenses to the IRS standard allowances that have been set for where you live. If you have other expenses that are needed to live such as special medical needs, these can also be included to lower your disposable income.
You can file ch 7 if you have less than $6000 in disposable income, but if you have over $10,000 you cannot file and may be forced into a chapter 13 if you try. If it’s between $6000-10,000 and you can pay at least 25% of your unsecured debt then you do not qualify for ch 7, if you cannot pay at least 25% then you can file chapter 7 bankruptcy. You should discuss your options with an attorney if you make more than the median income as the means test is confusing.
Guest Article Provided By: BankruptcyFormProcessing.com where you can find information on filing bankruptcy, and DoItYourselfBankruptcyForms.com where you can find free bankruptcy forms online.
The Cost of Ski Bus Transfers Continues to Be Reduced
Traveling from the plane to your snowboarding village has never been so easy.
Nowadays there are a range of transfer companies functioning out of Geneva, this has led to the cost of Geneva transfers falling significantly.
It is no longer the case that there were hardly a couple of airport transfer companies to take.
Now the holiday maker has a range of choices, with nearly all transfer companies running a fleet of shiny buses.
Indeed if one is holidaying in the Chamonix valley then a airport transfer could last as little as an hour, and cost as little as 25 Euros.
The speed of the transfer, and the cheaper prices of Geneva to Chamonix transfers, means that ski weekends are increasingly more popular as snowboarders choose to take less vacation time, yet all the same wish to savour their snowboarding breaks.
Ski weekends in Chamonix will remain popular as people are keen to go on a ski vacation, but don’t want to have a full 7 days out of the office because of the downturn.
An additional benefit of the lower taxi prices is that the cost of skiing breaks continues to fall.
Ski rental is most certainly more reasonable than it used to be in the past, particularly if one takes the chance to reserve online before setting out your snowboarding break.
Although the relative weakness of the sterling versus the euro means that stuff is dearer in the ski resort, if you are booking a luxury catered chalet then the bulk of the trip vacation is already paid for in pounds ahead of your arrival.