Who can file a Chapter 13 Bankruptcy?

Individuals may file Chapter 13 Bankruptcy petitions if they:

(1) reside, have a domicile, a place of business, or property in the United States;
(2) have a source of regular income; and
(3) on the date the petition is filed owe less than $307,675 in non-contingent, liquidated, unsecured debts and less than $922,975in non-contingent, liquidated, secured debts.

Corporations and partnerships may not file a Chapter 13 Bankruptcy petition.

If you filed a prior bankruptcy petition and the prior proceeding was dismissed within the last 180 days, you may not be able to file a second petition.

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The Law Office of Lauren Ross is a federally designated debt relief agency pursuant to Title 11 of the US Code and provides legal assistance to consumers seeking relief under the Bankruptcy Code.

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