Means Test

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Dictionary Says

Definition of 'Means Test'

A method for determining whether someone qualifies for a financial-assistance program. A common means test is the one used to determine eligibility for Chapter 7 bankruptcy. Means testing is also used in distributing Medicare benefits and has been suggested as a solution for the Social Security problem.
Investopedia Says

Investopedia explains 'Means Test'

Since debts do not have to be repaid under Chapter 7 bankruptcy, it is supposed to be limited to bankruptcy filers experiencing the greatest hardship. People who do not pass the Chapter 7 means test are limited to Chapter 13 bankruptcy, which establishes a repayment plan for debts.
Search results for

'Means Test'

  • Credit And Debt Management: Debt Collection And Bankruptcy ...

    http://www.investopedia.com/university/credit-debt-management/management6.asp
    ... However, if your household income is greater, then you have to apply the means test
    to determine your eligibility to file chapter 7. For example, a Florida man ...

  • What effect did the Bankruptcy Abuse Prevention and Consumer ...

    http://www.investopedia.com/ask/answers/08/bankruptcy-abuse-prevention-act.asp
    ... In the first means test, a debtor's finances are measured to determine whether
    or not he or she can repay 25% of outstanding unsecured debt. ...

  • What You Need To Know About Bankruptcy

    http://www.investopedia.com/articles/pf/07/bankruptcy.asp
    ... be eligible to file under Chapter 7. However, if your income is higher, then you
    have to pass the Means Test to meet the criteria for Chapter 7. Means Test. ...

  • Changing The Face Of Bankruptcy

    http://www.investopedia.com/articles/pf/08/bankruptcy-act.asp
    ... If these criteria are not met, then a means test will be applied that examines the
    debtor's tax returns and income to determine whether the debtor would be ...

  • Bankruptcy Filing Changes That Could Affect You

    http://www.investopedia.com/articles/pf/09/update-bankruptcy-laws.asp
    ... to qualify. Those who hoped to file for bankruptcy also had to pass the
    "means test", which examined disposable income. This is ...

  • CFA Level 1 Study Guide - Quantitative Methods - Interpreting ...

    http://www.investopedia.com/exam-guide/cfa-level-1/quantitative-methods/test-statistics-interpreting-results.asp
    Sign In• Register• Free Annual Reports • Free Newsletters. Dictionary;
    Investing; Markets; Personal Finance; Active Trading; Forex; ...

  • Is Your Business Model Viable? An 8-Point Test - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0710/Is-Your-Business-Model-Viable-An-8-Point-Test.aspx
    ... Here is an eight-point test to tell you if you should forge ahead with your ... though
    that's never bad - just look at Snuggie's success), it just means that you ...

  • What LinkedIn's IPO Means For Social Media Sites - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/0611/What-Linked-Ins-IPO-Means-For-Social-Media-Sites.aspx
    ... A key question rivals have is what this means for their own prospects of going ... be
    upstaged by Facebook, which back in January was thought to test the publicly ...

  • Test Your Money Personality

    http://www.investopedia.com/articles/basics/07/money-personality.asp
    Test Your Money Personality. ... This often means a desire to have the smallest
    cell phone, the biggest plasma TV and a beautiful home. ...

  • February 3, 2012 Market Summary

    http://stocks.investopedia.com/stock-analysis/cotd/SPY20120203.aspx
    ... this trendline. This means a test of the May high at $137.18 is not unlikely
    if near-term resistance is penetrated. One cause for ...

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