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    Business
  3. Study Set
    Contemporary Business
  4. Exam
    Exam 24: Bankruptcy and Reorganization
  5. Question
    The 2005 Act Has Made It More Difficult for a Debtor
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The 2005 Act Has Made It More Difficult for a Debtor

Question 1

Question 1

True/False

The 2005 Act has made it more difficult for a debtor to qualify for Chapter 7 bankruptcy,primarily due to a new requirement that the debtor must satisfy a "means test."

Correct Answer:

verifed

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