The Means Test in Consumer Bankruptcy Cases
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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.
AuthorsMorgan D. King, Esq., Morgan D. King
What Is the Means Test?
What Function Does It Perform in a Case?
Who Must Take the Means Test?
What Is the Median Income Test?
What Function Does It Perform?
What Are the Key Procedural Issues?
• Calculation of Income
• Exceptions to the Means Test Requirement (e.g., Safe Harbors)