What is Presumption of Abuse? – NJ Bankruptcy Glossary

Definition of the NJ Bankruptcy Term – Presumption of Abuse

Presumption of Abuse:

a presumption which arises when a debtor’s yearly income exceeds his or her home state’s median income level

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Note: the above definition of Presumption of Abuse was written in a simplified form for non-lawyers and may require a legal interpretation of how Presumption of Abuse may impact your bankruptcy filing.