Means Test FAQ

 

The bankruptcy means test was added to US bankruptcy law in 2005 as part of the credt-card-industry sponsored bankruptcy law to weed out so-called "bankruptcy-abusers" -- hence the language about a "presumption of abuse" (just to make you feel extra ashamed for exercising your right to bankruptcy!).

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Jurisdictional relevance: US

Legal Consumer - Neshoba County, MSLaw. The content of this article pertains to all US states and counties.