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There are different ,means test, rules for those over 70 years of age. The assessment of a couple for medical card purposes is based on the age of the older person. Income, savings, investments and property (except for your own home) are taken into account in the ,means test,…
A financial assessment or ,means test, works out if the council will pay towards your care. It looks at how much money you have. Generally, the council helps to pay for care costs if you have savings less than £23,250. It may be that you'll have to pay towards the cost of your care. The more money you have, the more you'll be expected to pay.
Although Chapter 7 is the most popular type of bankruptcy for consumers, not everyone is eligible to receive Chapter 7 relief. The biggest barrier to qualify for Chapter 7 relief was added to the bankruptcy code in 2005 -- this is the ,means test,. The ,means test, looks at your income and expenses and kicks you out of Chapter 7 if the numbers don't fit within certain guidelines.