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QUESTION IMAGE

use the drop - down to complete each statement. the income test compare…

Question

use the drop - down to complete each statement.
the income test compares your income with your state’s median income and examines your financial ability to repay your debt.
if your income falls below / exceeds the state median, you still might be able to file chapter 7 if your income is not enough to pay

Explanation:

Brief Explanations

The first dropdown is about the "means test" which compares income to state median for debt repayment ability. For the second, if income "falls below" state median, and the third is about paying "creditors" (since Chapter 7 bankruptcy involves debt to creditors).

Answer:

First dropdown: means test
Second dropdown: falls below
Third dropdown: creditors