Chapter 7 Means Test: Median Income Test If your gross income is less than the median income for a family of your size, you may be eligible for Chapter 7 bankruptcy. On the other end of the spectrum, if your income is significantly over the median income for a family of your size, yo...
The means test is a complicated mathematical formula that first compares your household income to the median income of those in your state with the same family size. The test also considers a debtor’s disposable income and level of unsecured debts. One of the quality bankruptcy attorneys at Ar...
Analyzes the means test feature of the United States Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. Argument that the means test is not simple and is not likely to achieve what its sponsors intended; Contextual features of the means test; Ways by which the means test creates ...
The bankruptcy means test determines whether you're eligible for Chapter 7 bankruptcy. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, ...
bankruptcy poverty trap social security benefits time-series analysis References in periodicals archive ? Middlesbrough South and East Cleveland Labour MP Tom Blenkinsop says a suggestion by Work and Pensions Secretary Iain Duncan Smith that pensioners should be means tested for benefits like bus passes...
means′ test` n. an investigation into a person's finances to determine eligibility for public assistance. [1925–30] means′-test` v.t. 1.to subject (a person or a specific benefit) to a means test:The government proposes to means-test Medicare. ...
[...] consider empowering Labour Tribunal or the Labour Department to enforce the awards on behalf of the employees, or granting discretionary power to the Director of Legal Aid to waive the means test for employees seeking legal aid to file winding-up/bankruptcy petition against the defaulting ...
Lawrence Bautista Yang is a graduate of Georgetown University Law Center and has been in law practice for thirty years. He specializes in bankruptcy, business and civil litigation and has handled more than five thousand successful bankruptcy cases in California. He speaks ...
Byanon118708— On Oct 15, 2010 My ex filed BK ch. 13 during our divorce proceedings. I am getting zero alimony since November 2009 to the present. He filed bankruptcy in February and yet claimed in his expenditure that he is giving alimony to me for $660 monthly. Alimony was given in...
A common means test is the one used to determine eligibility forChapter 7bankruptcy. Means testing is also used in distributing Medicare benefits and has been suggested as a solution to theSocial Securityproblem. Since debts do not have to be repaid under Chapter 7 bankruptcy, it is supposed t...