See how we rate credit score services to help you make smart decisions with your money. The means test assesses your ability to repay debts to determine eligibility for Chapter 7 bankruptcy.

FreshSplash / Getty Images A means test is a formula that uses someone's income to determine their eligibility for assistance or benefits. A means test is a method for determining whether someone ...

However, to cut costs, the government introduced the Means Test in 1931. Officials visited families to assess whether they were entitled to help. This involved finding out how much the families ...