Congress, through its enactment of The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), created what is known as "The Means Test" to determine potential bankruptcy debtors' ability to repay any of their general unsecured debt. Debtors compute their income as defined by...
The means test was created to ensure that consumers who have the financial ability to repay some portion of their unsecured debt, do so in a Chapter 13 bankruptcy case. Just about every form of money received or paid on behalf of a prospective bankruptcy...