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25 October, 09:06

When would someone be restricted from filing for bankruptcy?

A. if the debtor fails the asset test

B. if the debtor fails the income-liability test

C. if the debtor fails the credit-overloadtest

D. if the debtor fails the means test

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Answers (1)
  1. 25 October, 11:24
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    Someone will be restricted to file for bankruptcy when the debtor fails the income - liability test. An income-liability test is when you will be able to pay your debt from your income. When income does not pay your liability to the bank, you will be restricted to file bankruptcy to your business.
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