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means test

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.

[tubepress mode=’tag’, tagValue=’means test law’]

Author LawsLookup.comPosted on March 7, 2009Categories Laws DictionaryTags bankruptcy, family

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