If you're feeling overwhelmed by debt, you've probably given thought to what personal bankruptcy might be able to do for you. And, as you may already know, there are limits to how much debt bankruptcy can help you eliminate.
If you're ready to speak with a bankruptcy lawyer about the specifics of your financial situation and learn how filing bankruptcy may be able to help you manage your debt, simply fill out this form and arrange a free, no-obligation consultation.
One distinction it's important to make when discussing Chapter 13 bankruptcy is the difference between secured and unsecured debts.
If you decide that Chapter 13 bankruptcy is the best way to deal with your financial distress, you'll find that it has limits for both secured and unsecured debts.
In order to be eligible to file under Chapter 13 of the U.S. Bankruptcy Code, your debts cannot exceed these limits:
Please note that these limits are adjusted periodically for inflation, and may have changed since our last site update.
Chapter 13 bankruptcy works by having filers make regular payments to creditors as part of a three- to five-year repayment plan. In addition to considering debt limits, filers should:
If you're interested in learning whether or not Chapter 13 bankruptcy might realistically help you eliminate your debt and get back on track financially, now is the time to take action. Speak with a bankruptcy lawyer practicing near you and ask your questions. Simply fill out the from below to get started.