Monday, January 17, 2011
Debt Limits for Filing Chapter 13 Bankruptcy
28, USC, 109(e) Only an individual with regular income that owes, on the date of the filing of the petition, noncontingent, liquidated, unsecured debts of less than $360,4752 and noncontingent, liquidated, secured debts of less than $1,081,4002, or an individual with regular income and such individual's spouse, except a stockbroker or a commodity broker, that owe, on the date of the filing of the petition, noncontingent, liquidated, unsecured debts that aggregate less than $360,4752 and noncontingent, liquidated, secured debts of less than $1,081,4002 may be a debtor under chapter 13 of this title.
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3 comments:
I really thanks author for this post.I come to know about good knowledge of debt limit from this post for filing chapter 13 bankruptcy.
Kind regards
Joe
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