The Means Test in Consumer Bankruptcy Cases
1 hour 30 minutes
Gain an understanding on the means test and who should be taking the test.
For those not yet familiar with consumer bankruptcy law, this information will give you the key law and procedure points that arise in connection with the means test. If you are already familiar with consumer bankruptcy law, this topic will refresh some of the fine points that may be traps for the unwary.
• You will be able to explain to a potential bankruptcy client why he or she must file chapter 13 and not chapter 7.
• You will be able to identify the key elements that constitute consumer debt for purposes of the means test.
• You will be able to recognize the exceptions to the means test requirement that may apply to your client.
• You will be able to review whether other grounds for dismissal, aside from the results of the means test, may apply to the case.