The Virginia bankruptcy means test is a process used to determine eligibility for filing Chapter 7 bankruptcy, which involves liquidating assets to repay creditors. This test compares a debtor’s average monthly income to the state’s median income for their household size.
The Virginia bankruptcy means test is a process used to determine eligibility for filing Chapter 7 bankruptcy, which involves liquidating assets to repay creditors. This test compares a debtor’s average monthly income to the state’s median income for their household size.