Which of the following is true of the median income test?

A) If a family has median family income equal to the state's median family income, the debtor does not qualify for a Chapter 7 bankruptcy.
B) If a family has median family income below the state's median family income, the debtor is subject to the "means" test.
C) If a family has median family income below the state's median family income, the debtor automatically qualifies for a Chapter 7 bankruptcy.
D) A debtor's debts are not discharged if the family median income is more than the state's median family income.


C

Business

You might also like to view...

The _____ standard was developed for devices that communicate with each other within a short range of up to 10 meters (33 feet) in the office, at home, and in motor vehicles.

A. Wi-Fi B. Bluetooth C. WiMAX D. MBWA

Business

The cash disbursement function is

a. part of accounts payable b. an independent accounting function c. a treasury function d. part of the general ledger department

Business

The primary distinction between by-products and scrap is the difference in sales value

Indicate whether the statement is true or false

Business

Under which criterion is Northeastern State University the optimal decision?

A) maximax B) maximin C) minimax regret D) equally likely

Business