?What is the purpose of the means test under Chapter 7? Describe briefly the dividing line that determines whether a debtor files under Chapter 7 or Chapter 13.
What will be an ideal response?
?The purpose of the means test is to keep upper-income people from abusing the bankruptcy process by filing for Chapter 7, as was thought to have happened in the past. The test forces more people to file for Chapter 13 bankruptcy rather than allow liquidation of debts.Debtors wishing to file for bankruptcy must complete the means test to determine whether they qualify for Chapter 7. The debtor's average monthly income in recent months is compared with the median income in the geographic area in which the person lives. If the debtor's income is below the median income of the area in which the debtor lives, the debtor is usually allowed to file for Chapter 7 bankruptcy, as there is no presumption of bankruptcy abuse. If the debtor's income is above the median income, then further calculations must be made to project the debtor's income and expenses into the future.
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__________ is a statute enacted by a legislature that authorizes the creation of an administrative agency and specifies the name, purpose, composition, and powers of the agency being created
a. Adjudication b. Statutory law c. Enabling legislation d. An administrative rule
Verbs that have been transformed into nouns are called?
A. ?adjectives. B. ?nominalizations. C. ?nounizations. D. ?passive verbs.
The equation used in the Naylor–Shine method can answer all of the following questions EXCEPT ______?
A. given a certain selection ratio, how much money is saved over past selection procedures B. given a desired improvement in the average criterion score of those selected, what SR and/or predictor cutoff value (in standard score units) should be used C. given a specified SR, what will be the average performance level of those selected D. given a desired SR, what will the mean criterion score be
After an applicant has been hired, an employer cannot require medical testing
Indicate whether the statement is true or false