Law’s Matthew Salerno outlines the contours of the “means test”

What is the means test in bankruptcy?

Business InsiderMatthew Salerno, assistant professor at the School of Law, outlined the contours of the so-called “means test,” an assessment measuring borrowers’ abilities to repay debts to determine eligibility for Chapter 7 bankruptcy. Those who don’t pass the means test can still file Chapter 13 bankruptcy, he added.