Author Question: If the debtor's annual income is less than the median income for his or her state, the calculations ... (Read 137 times)

MGLQZ · **on:** Aug 3, 2018

If the debtor's annual income is less than the median income for his or her state, the calculations of the Means Test still need to be completed.

Indicate whether the statement is true or false

Question 2

Prior to the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), practically any debtor who wanted to file for Chapter 7 protection could do so. Today, relief under a Chapter 7 liquidation bankruptcy is not automatic.

Indicate whether the statement is true or false