With the introduction
of means testing in October 2005, either spouse must also consider how and whether income received during the last six (6) months before filing might create a presumption of abuse in a chapter 7 case filing and affect timing of the filing of a case.
He also suggested replacing the wage inflation adjustment with the more slowly - growing price inflation adjustment, and imposing a form
of means testing so that people with other sources of income in retirement would see their Social Security retirement benefits reduced.
States should address this issue by adopting universal education - choice options for all families (and many state - based programs are already geared specifically to low - income children by virtue
of means testing).
And he said that the alternative would involve an «incredibly complicated» system
of means testing.
Be cautious
of means testing benefits — as established by Magna Carta, taxation still rests on consent, where the quid pro quo for higher earners paying much more taxation is universal entitlement to at least most benefits.
Another problem of having decent income in retirement is medicare part B cost more and there is always talk
of means testing for any benefit / entitlement that retirees receive.
Around two - thirds of people eligible for council tax benefit claim any funds, the lowest take up
of any means tested benefit.
If this income exceeds certain median family income figures, a second phase
of the means test comes into play.
In this case the long form
of the means tests must be completed.
The ostensible purpose
of the means test is to force those with enough «disposable» income to repay something to their creditors into Chapter 13 bankruptcy rather than the faster Chapter 7 process.
The purpose
of the means test is to figure out whether you have enough disposable income, after subtracting certain allowed expenses and required debt payments, to make payments on a Chapter 13 plan.
Remember that part
of the means test takes into account your payments on secured debts that due within the next 60 months.
It is based on their monthly income, and for higher earning debtors, in terms
of a means test that measures the debtor's income against the average income for the state in which they live.
There is a long form
of the means test that factors in secured debt payments such as your mortgage and other necessary expenses like medical bills and insurance.
For purposes
of the means test, the U.S. Bankruptcy Code defines current monthly income as including: «any amount paid by any entity other than the debtor (or in a joint case the debtor and the debtor's spouse), on a regular basis for the household expenses of the debtor or the debtor's dependents (and in a joint case the debtor's spouse if not otherwise a dependent)...» Benefits received under the Social Security Act, payments to victims of war crimes or crimes against humanity on account of their status as victims of such crimes, and payments to victims of international terrorism or domestic terrorism on account of their status as victims of such terrorism are excluded from the means test.
Or your Chapter 13 plan can repay creditors a fraction of their debt, depending on the value of your non-exempt assets and the application
of the means test to your income.
This is a simplified version
of the means test and question of abuse.
The implementation
of a means test to determine eligibility for a Chapter 7 discharge is purportedly designed to ensure that those most in need of having their unsecured debts eliminated receive a Chapter 7 bankruptcy discharge.
As one of the assistant United States trustees once told me, the purpose
of the means test is to disqualify as many people as possible from Chapter 7, and to force them into Chapter 13.
To this end, the most notable change to the Bankruptcy Code was the addition
of the Means Test, whereby filers who desire to file for Chapter 7 bankruptcy now had to meet certain income - based eligibility requirements.
This knowledge includes comprehensive understanding
of the means test analysis which is now required to determine if you qualify for Chapter 7 bankruptcy.
If it isn't continue to the next part
of the means test.
The taking
of a means test to establish eligibility to file for Chapter 7 is now required.
As part
of the means test the bankruptcy court will look at your last 6 months of income as well as your expenses.
Not exact matches
MoviePass described the new plan as a way
of testing a new model, and said «this does not
mean that our unlimited subscription will not be offered in the future.»
Companies can also «
test the waters» using the new provisions
of Regulation A —
meaning that you can let the world know you are thinking
of raising investment dollars.
csv files, upload and label them, push a bunch
of buttons on the settings page,
test the email four times and then schedule its release — only to find out that we've miscalculated the time difference,
meaning all our customers will be sound asleep when that email arrives at 3.
That
means interleaving not only produces better short - term results, it also results in much greater long - term retention — which is incredibly important in the real world where the point
of learning isn't to simply remember something long enough to pass a
test.
None
of these doubts necessarily
mean that Theranos»
tests don't work, though the latest allegations add further support to the idea that the technology still has a long way to go.
U.S. teens scored a
mean 492 on the OECD
test, eight points below the overall global
mean of 500 — and more than 100 points below first - ranked Shanghai - China's 603.
Now to be clear, this type
of test is normally administered for a job interview,
meaning the stakes are lower and the accuracy rate is lower.
Hunt says that really committing to this idea
means loads
of A / B
testing and a willingness to accept a high rate
of failure.
A lot
of times that's easier said than done and what that really
means is just a whole lot
of user
testing,» he says.
This
means they select a group
of people to
test their functioning application before it is launched.
But eventually RBC found me, and I was kind
of like a beta
test for them because they said I was high beta,
meaning high risk, but if it worked out it would work out really well.
Test - takers no longer will lose points for wrong answers, a feature
meant to discourage guessing but that produced agonized complaints that the exam was more an exercise in strategy than a measure
of college - readiness.
A special needs trust lets parents, other family members and other interested parties contribute funds for the benefit
of a disabled person, while also enabling him or her to still receive
means -
tested benefits such as Medicaid and Security Supplemental Income (SSI).
That
means the position
of the trend line is not well
tested and that, in turn,
means the uptrend is not well defined.
Founder Cheryl Ng has long believed in building markets incrementally, placing modest quantities with international distributors as a
means of testing consumer acceptance without risking a lot
of capital on large production runs.
These sorts
of odd - ball questions — logic puzzles, brainteasers and riddles — have been favoured by some employers as a
means of testing problem - solving and communications skills for over half a century.
In cases when they do - such as with the work disincentive effects
of means -
tested tax credits used for the purchase
of health insurance - it's better to hold off on those attacks or make them more nuanced.
Since this tax credit wouldn't be
means -
tested, it would eliminate most
of the work disincentives that Obamacare creates.
«EI benefits should have a more stringent
means test as there are far too many abuses
of the system,» wrote one.
The treatment was approved for the devastating rare disease Duchenne muscular dystrophy but created major divisions within the FDA because it simply hadn't demonstrated a whole lot
of efficacy,
meaning the pricey therapy is essentially being subjected to a real - world clinical
test.
Three might be the lucky carrier group to
test out this theory, but don't forget that its U.K. operation is about to merge (pending regulatory approval) with local rival O2,
meaning around 40 percent
of the country's subscribers might find themselves with network - level ad - blocking on the menu.
The device
tested in 1945 had a 20 kiloton yield,
meaning it had the explosive force
of 20,000 tons
of TNT.
A big part
of what's driving Opdivo's success is an early decision by BMS to chase a much wider share
of the cancer patient population — a decision that has
meant that doctors don't have to administer a time - consuming diagnostic
test to check if patients have a protein called PD - L1 before prescribing Opdivo in certain cancers.
That
means it's probably a bad idea to argue your teen really shouldn't study for her math
test in the hopes you'll cultivate a sudden love
of trigonometry.
The Slim might not be as zippy as its larger sibling, butComputer Shopper found it was still «the second - fastest drive»
of the ones they
tested,
meaning that if speed is paramount, you'll be well - served by either drive in the Backup Plus family.
It radiates alpha particles, relatively large on an atomic scale, which
means the thin glass
of a
test tube, the leather
of a briefcase, or even air or skin stop them.