Which of the following holds true for the means test?
A)The debtor has to be able to pay $200 per month for 5 years.
B)If the debtor's income is greater than the states median income he will have to take a means test.
C)The means test has been around for years.
D)Everyone will have to pass a means test.

Question

Quizplus · Accepted Answer

The means test is only required for debtors whose income exceeds the state median income. Option A is not always true, as the amount required to be paid under the means test varies based on individual circumstances. Option C is not relevant to the question, and option D is not true as not everyone is required to take the means test.

Which of the Following Holds True for the Means Test