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Means test

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means test Section 707(b)(2) of the Bankruptcy Code applies a "means test" to determine whether an individual debtor's chapter 7 filing is presumed to be an abuse of the Bankruptcy Code requiring dismissal or ...

 


Means test
A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

means test
Assessment of income and assets to see if a person qualifies for financial assistance.
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Among its many changes to consumer bankruptcy law, BAPCPA enacted a "means test", ...

To learn more about how your income affects your ability to file for bankruptcy, see Chapter 7 Eligibility & the Means Test.
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Abuse excuse
Abuse of discretion
Abuse of process
Abusive discharge
Federal Judiciary's Bankruptcy Basics Glossary: means test ...

See also: Bankruptcy, Chapter 7, Chapter 7 bankruptcy, Debtor, Law

Law MayhemMeasure of damages

 
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