[Answered] Some debtors must file for bankruptcy under Chapter 13 because the Means Test reveals that their ...

This topic contains a solution. Click here to go to the answer

Author Question: Some debtors must file for bankruptcy under Chapter 13 because the Means Test reveals that their ... (Read 113 times)

shofmannx20

Hero Member
Posts: 562

on: Aug 3, 2018

Some debtors must file for bankruptcy under Chapter 13 because the Means Test reveals that their income levels and the amount of disposable income disqualify them from filing for Chapter 7 liquidation.

Indicate whether the statement is true or false

Question 2

Chapter 7 is sometimes referred to as the wage earner plan.

Indicate whether the statement is true or false

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

flexer1n1

Sr. Member
Posts: 373

Reply #1 on: Aug 3, 2018

Answer to Question 1

TRUE

Answer to Question 2

FALSE

shofmannx20

Hero Member
Posts: 562

Reply #2 on: Aug 3, 2018

Thank you!

flexer1n1

Sr. Member
Posts: 373

Reply #3 on: Aug 3, 2018

Always glad to help...

« previous next »

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Blood glucose measurement. A postprandial test may be self-administered. (a) A lance pierces the ski

Tickler file using a file drawer.

A Mono-Diff test in which the presumptive well contains the patient's serum mixed with ...

Compression Test: The Paper Test

Exhaust Restriction Test

Cover test

Author Question: Some debtors must file for bankruptcy under Chapter 13 because the Means Test reveals that their ... (Read 113 times)

Related Topics

Need homework help now?