What are the eligibility requirements for Chapter 13?
In order to file for Chapter 13, you have to be an individual (i.e., you cannot be a corporation or partnership).
Your unsecured debts (e.g., credit cards, medical bills) must also be less than $360,475 and your secured debts (e.g., mortgages, vehicles) must be less than $1,081,400. See 11 U.S.C. § 109(e). These amounts are adjusted periodically to reflect changes in the consumer price index. Please make sure to contact an experienced bankruptcy attorney to get the most recent eligibility requirements to file for Chapter 13.
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