Cartoon Guy Holding Stack Of Books

Negligent Tort

ABC Blocks

In bankruptcy, a formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for bankruptcy. generally, a means test is any evaluation of inability to pay that is necessary to qualify for public assistance or another right. (see also: current monthly income)

Was This Term Helpful?

0 out of 0 found this helpful

Still got a question or concern?

Click here to contact us or go back to the main Glossary page.