Bankruptcy Means Test and Chapter Selection

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What is the purpose of the Means Test?

  1. To determine whether a debtor is eligible to file for Chapter 7 bankruptcy.
  2. To determine the amount of debt that a debtor can discharge in bankruptcy.
  3. To determine the amount of money that a debtor must pay to creditors in bankruptcy.
  4. To determine the length of time that a debtor must remain in bankruptcy.
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