Means Test
/ˈmiːnz tɛst/
Definitions
- (n.) A legal financial assessment to determine eligibility for certain government benefits, including bankruptcy relief.
The court conducted a means test to decide if the debtor qualified for Chapter 7 bankruptcy.
Forms
- means test
- means tests
Related terms
See also
Commentary
Typically used in bankruptcy law, the means test evaluates disposable income to prevent abuse of debt relief options.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.