Phoenix, AZ asked in Bankruptcy for Arizona

Q: Im filing chapter 7 on Dec. No asset case & I pass the means test under $64k annual gross. However i must use up…

… my Allstate safe driving merchandise rewards program points must be spent before they expire Nov 1, to redeem close to $8500 in merchandise such as luggage, sunglasses, cutlery, & store gift cards alone worth close to $5k (Macy’s, Bloomingdale’s, Nike,etc). Will this ‘windfall’ of free merchandise received be required to be listed in my previous 6 month income? Because if so I will not pass the ‘means test’. I can’t file before Dec. because my income totals will be too high to pass ‘means test.’ I want to file in Dec because I am currently 3 mos delinquent on unsecured loans & wish to file before lawsuits come after me…but the merchandise points are ‘use or lose!’ thank you

Related Topics:
1 Lawyer Answer
Timothy Denison
Timothy Denison
  • Bankruptcy Lawyer
  • Louisville, KY

A: Yes. You will have to list all property owned by you, but you may be able to use your exemptions to protect it all as well as distribute over the means test.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.