The Means Test consists of a series of financially related questions and formulas designed to ...

The Means Test consists of a series of financially related questions and formulas designed to determine whether debtors qualify for Chapter ________.

Fill in the blank(s) with correct word

Q. #2

The law now requires debtors to pass a(n) ________, which is a formula designed to determine whether debtors have the ability to restructure their debt and make payments to creditors.

Fill in the blank(s) with correct word

Q. #3

Married couples may take certain deductions in this section of the Means Test if they have been married for more than ________.

Fill in the blank(s) with correct word

Q. #4

The purpose of calculating disposable income is to determine whether the client is financially able to pay off the existing debt over a three- to five-year period under a court-monitored Chapter 13 repayment plan.

Indicate whether the statement is true or false

Q. #5

Chapter 7 debtors who are reservists or members of the National Guard are temporarily excluded from the Means Test and this applies for the duration of the debtor's active duty.

Indicate whether the statement is true or false

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The Means Test consists of a series of financially related questions and formulas designed to ...

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