One of the primary element of any bankruptcy filing is something known as a means test. It plays a pivotal role in determining a number of different things that all play a role in filing bankruptcy, including the chapter that may be filed, and in some cases, how long the bankruptcy itself will last. The primary factor evaluated by the means test is income – specifically, income earned in the six months prior to filing.
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Bankruptcy Means Tests – What Are They And What Do They Do?
One of the primary element of any bankruptcy filing is something known as a means test. It plays a...