So when you're doing your first cut at the ball to determine whether you pass the means test, which is one of the ways to get into the doors of Paradise (labeled "Chapter 7", right above the pearly gates and just to the left of Saint Peter), consider a couple of items.
And by the way, I'll come back to this post and beat it up a lot more; it's just that contemplating the means test depresses me, because all of you paid for the drafting of it with your tax dollars, and it doesn't help you at all.
It doesn't even help the banks, which lobbied for about a decade to get it; according to a report published by the government, the 2005 Amendments don't make for more filing of Chapter 13 cases, and higher payments to creditors. They just make the bankruptcy process more expensive and difficult and time-consuming.
Who would have thunk it?
But back to today's topic: when you're first taking paper, pencil, and pocket calculator to the six month rolling lookback which is the means test, ask yourself, Do you feel lucky?
Just kidding.
Ask yourself, do I get paid twice a month, or every two weeks? Makes a difference.
And by the way, I'll come back to this post and beat it up a lot more; it's just that contemplating the means test depresses me, because all of you paid for the drafting of it with your tax dollars, and it doesn't help you at all.
It doesn't even help the banks, which lobbied for about a decade to get it; according to a report published by the government, the 2005 Amendments don't make for more filing of Chapter 13 cases, and higher payments to creditors. They just make the bankruptcy process more expensive and difficult and time-consuming.
Who would have thunk it?
But back to today's topic: when you're first taking paper, pencil, and pocket calculator to the six month rolling lookback which is the means test, ask yourself, Do you feel lucky?
Just kidding.
Ask yourself, do I get paid twice a month, or every two weeks? Makes a difference.
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