select the correct answer. when would someone be restricted from filing for bankruptcy? a. if the debtor…

select the correct answer. when would someone be restricted from filing for bankruptcy? a. if the debtor fails the asset test b. if the debtor fails the income - liability test c. if the debtor fails the credit - overload test d. if the debtor fails the means test

select the correct answer. when would someone be restricted from filing for bankruptcy? a. if the debtor fails the asset test b. if the debtor fails the income - liability test c. if the debtor fails the credit - overload test d. if the debtor fails the means test

Answer

Answer:

D. if the debtor fails the means test

Brief Explanations:

The means - test in bankruptcy law determines if a debtor's income is low enough to file for Chapter 7 bankruptcy. Failing it restricts Chapter 7 filing. There are no standard "asset test", "income - liability test", or "credit - overload test" that restrict bankruptcy filing in the same well - known way as the means test.