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Which of the Following Is True of the Median Income

Question 48

Multiple Choice

Which of the following is true of the median income test?


A) If a family has median family income equal to the state's median family income, the debtor does not qualify for a Chapter 7 bankruptcy.
B) If a family has median family income below the state's median family income, the debtor is subject to the "means" test.
C) If a family has median family income below the state's median family income, the debtor automatically qualifies for a Chapter 7 bankruptcy.
D) A debtor's debts are not discharged if the family median income is more than the state's median family income.

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