CA CLS Bankruptcy Practice Questions - California Certified Specialist - Bankruptcy Law Examination Exam

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Debtor files a Chapter 7 petition. The means test under 11 U.S.C. §707(b)(2) compares the debtor's current monthly income to which benchmark?

The federal poverty guidelines The state median family income for a household of the debtor's size The debtor's pre-petition income from the prior 12 months The IRS national standards for living expenses

Correct Answer:

The state median family income for a household of the debtor's size

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