The Bankruptcy Code requires individuals to pass the “means test” before they can file a Chapter 7 case. The test was established by the 2005 amendments to the Bankruptcy Code and it is used to determine if a debtor is eligible to file a Chapter 7 case.
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Bankruptcy Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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