The applicable commitment period is determined by a debtor's median family income.

Question

Quizplus · Accepted Answer

The applicable commitment period for a debtor in a Chapter 13 bankruptcy case is determined by their median family income. This is based on the means test, which analyzes the debtor's income, expenses, and other financial circumstances to determine their ability to repay their debts over a certain period of time. Depending on the debtor's income level, the commitment period may be either three or five years.

The Applicable Commitment Period Is Determined by a Debtor's Median