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COMMON COUNTY COUNCIL Planning & Development Act, 2000 (Section 254) & Planning & Development Regulations 2001 2015 Article 202, 203 & Schedule 12 APPLICATION FOR License TO PLACE APPLIANCE OR STRUCTURES
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Chapter 122c refers to a specific section of the U.S. bankruptcy code that pertains to the means test for filing for Chapter 7 bankruptcy. It determines whether an individual has enough disposable income to repay creditors.
Individuals who wish to file for Chapter 7 bankruptcy and whose income exceeds the median income for their state are required to file Chapter 122c.
To fill out Chapter 122c, individuals must complete a means test form that outlines their income, expenses, and family size. This form must be filed along with the bankruptcy petition.
The purpose of Chapter 122c is to assess an individual's financial situation to determine their eligibility for Chapter 7 bankruptcy or to assess their repayment capacity under Chapter 13.
Chapter 122c requires reporting of the debtor's income, allowable expenses, family size, and any additional financial obligations that might affect disposable income.
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