☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Means Test

The calculation used to determine whether an individual debtor qualifies for Chapter 7 bankruptcy — comparing the debtor's income to the state median. Debtors above the median may be required to file Chapter 13.

Category: Bankruptcy · Source: 11 U.S.C. §707(b)
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