How to Use the Chapter 7 Bankruptcy Means Test in California for a Personal Advantage

Despite the hurdles imposed by the California Chapter 7 bankruptcy means test, California residents have extraordinary options to live a debt free life.

Are creditors trying to hurt you and your family? Today, home foreclosures, vehicle repossession and abuse of the legal system by collection agents are epidemic. Creditors do this when job security is at an all time low and prices continue to soar. Perhaps you too have reached a point were you need a level playing field and a real chance to turn your situation around.

The federal government's response to the current economy is perplexing. The government provides bailouts for the rich, deregulation and of shady business practices, elimination of individual rights to hold unethical companies responsible, and extends even more tax cuts for mega-corporations. Congress also joined the fray and enacted the Chapter 7 bankruptcy means test in 2005. This means test was intended to prevent ordinary people from escaping the crushing debt heaped upon us in a new era of economic policy.

You Know the Problem Well

Perhaps you once thought that Main Street America would eventually get a fair shake and a little help from the government, but we didn't. We just endure more threats and demands from large business that reap record profits while the government turns blind eyes and deaf ears upon the U.S. Public.

This is wrong. You you know it in your heart. It is a fixed game, and more importantly, you will not get help unless you demand it in the proper way and at the right time. Think about this.

You are on your own and must take decisive action to turn your situation around. No one can do this for you. You must assume the lead roll and take strong action. But this is not too difficult especially with a help from an expert who knows the game well and what is necessary to win.

The Best Time to Take Action

Face the facts. Times are tough in California and people living on a limited budget have few options. You are not alone however when facing the most sever economic conditions in California since the great depression. You must decide to start pulling yourself up by your own bootstraps using nothing more than your own free will. Then, get help using a small yet very import set of legal rights guaranteed to you by law.

After making this decision, you also have a very low cost but highly effective way to get help. The good news is that the Chapter 7 bankruptcy means test can also be used by individuals for a personal advantage when eliminating crushing debts. It is a shame that so many people in California are afraid to ask for help and go on to make so many mistakes. Getting help is affordable on any budget while maintaining complete privacy.

When you decided to take action, you might as well do it right and follow the most beneficial route. After all, small steps tend to produce small results. Why not consider a big step and get big results that will let you live a debt free life? You really can take charge and turn your life around.

You can stop the nonsense and begin rebuilding your life today. You can earn financial security and say good bye forever to debt collectors. There is no trick involved, just clear focus and the courage to demand your rights.

Expanded Chapter 7 Bankruptcy Options

Most people can quickly, easily and economically get rid of all of their debt by filing bankruptcy. Millions of people file bankruptcy every year and never make another monthly payment. Even better, if you file correctly, you can count on the blessing and protection of the Federal Court System.

This is not a gift but a choice provided by Federal Law and is available to almost all people who live in the U.S. today. You must however comply with several requirements we will discuss in a moment.

Also be realistic. Filing bankruptcy is not fun and also has a down side. It will remain on your credit report for up to ten years. Many employers today look at credit scores as an indication of a job applicant's reliability. Insurance companies may raise your rates using your credit score because of no other reason than the law allows them to get away with this ploy. Your credit score will also plummet for a few years until re-building a history free of late payments.

Filing can also be destructive if you do it badly and make mistakes. So, be careful, and then plan accordingly to make sure the benefits of filing far outweigh the disadvantages. Planning how and when to file is much easier with expert help. With a really good personal strategy, you can make filing easy and highly profitable. You will reap benefits for the rest of your life.

Rampant Confusion About California Chapter 7 Cases Today

Perhaps the most important and misunderstood requirement concerns the Chapter 7 bankruptcy means test. Before you take another step, let's explore what the California Chapter 7 bankruptcy means test can and cannot do for you. If you get it right, then a world of opportunity will open up for you. If you get it wrong, you could be forced to live on a mandatory budget for five years while making tens of thousands or hundreds of thousands of wasted payments.

Don't make foolish mistakes. Don't believe everything commercial advertisements tell you. Stop and think. What will it really take to turn your situation around and begin earning and also saving the compensation you deserve? Time is precious.

Common Sense Must Prevail

As you can now see, understanding the means test and planning accordingly may be the most important step you take when deciding if or when to file. The Chapter 7 bankruptcy means test imposes several important filing restrictions and requirements upon residents of California. In a basic sense, one of the most important requirements is that all people must pay their excess income to the courts for the benefit of their creditors.

Also be aware that this requirement is little more than an artificial opinion about “excess” that is imposed by law. What is excess income? How much do you have to pay your creditors? These questions are answered by the Chapter 7 bankruptcy means test.

A World of Opportunity Awaits You

Think of the Chapter 7 bankruptcy means test as an opportunity. If you plan well during the weeks and months before you file, you can be assured you will not be considered to have excess income. You can also be assured you will not make another payment to your creditors and keep all property you own. This is because the Chapter 7 bankruptcy means test tells us so and we can prove it in court.

The test does not change after you file. You can rely upon it. Your test results however do change depending upon small but important decisions you make today and and every other day of your life until you decide to file. Plan carefully. Use the test for your personal advantage then enforce it upon your creditors. This is a rather easily taught skill that is entirely legal.

Prepare to Take Action

If you do plan carefully before your file, you will benefit in different ways:

1. stop calls and threats from debt collectors
2. wipe out all of the debts you owe
3. eliminate wasted attorney fees
4. save thousands of dollars in wasted payments
5. keep all property you own
6. conclude your case in as little as four months

Ask yourself a few questions and answer them sincerely within yourself:

• Are you truly committed to providing a good environment for yourself and family?
• How could you do this if you let collectors take your home or your transportation?
• What is more important -- paying credit card companies more bogus late fees plus interest at 30% forever -- or building personal financial security for yourself and family? Both options are entirely legal and within your control.

Your Best Options to Rebuild Financial Security

Your answers here should be heart-felt, sincere, and are very important for your future well-being. If you do nothing today, nothing will change for the better. Find your courage, rise up to this challenge, and begin to explore how good your life can be.

A debt free life is within your grasp if and when you decide to take decisive action. The first step is always the hardest. You must find out how to qualify for a complete discharge of your debts as soon as possible. Then, your best options will be clear.

Maybe you will or maybe you won't file bankruptcy. But either way, at least you will know the facts and make an informed and intelligent decision. You owe it to yourself to discover what options you have today. Only then, make your best decision with the help of an experienced expert. You will be glad you did.

Take Charge Now: California Chapter 7 Bankruptcy Means Test Strategies