Under the Bankruptcy Code, the Means Test Is Used to

question 56

Multiple Choice

Under the Bankruptcy Code, the means test is used to

• A)keep higher-income people from abusing the bankruptcy process.
• B)force more people to file for Chapter 7 bankruptcy.
• C)determine the validity of a statement or claim by any party in interest.
• D)prioritize the claims of the creditors in an involuntary proceeding.

---

Definitions:

Registration

The process of officially recording or enrolling something or someone in a list, database, or system, often for legal, official, or regulatory purposes.

Probability Of Failure

The likelihood, often expressed as a percentage or ratio, that a system or component will not perform its intended function within a specified period.

Service Reliability

The consistency and dependability of a service provider in delivering promised services to customers at the required performance level.

Electrical Motor

A device that converts electrical energy into mechanical energy, often used in various machines and vehicles.