Chapter 13 Debt Limits Increase April 1, 2010.

Unlike a Chapter 7 Bankruptcy, when a person files for a Chapter 13 Bankruptcy there are caps on the amount of debt.

Beginning on April 1, 2010 the debt limits for filing Chapter 13 bankruptcy are set to increase to a maximum of $360,475.00 for  unsecured debt and to a maximum of $1,081,400.00 for secured debt.

Section 104 of the Bankruptcy Code requires that the debt levels for a Chapter 13 Bankruptcy be re-evaluated every 3 years.

About Kevin Gipson, Attorney at Law

I am an attorney licensed in all State and Federal Courts in Louisiana. I practice in the Greater New Orleans Area and work with Consumers to help them with their debt problems. My primary areas of practice are Chapter 7 and Chapter 13 bankruptcy and Student Loan Law.
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One Response to Chapter 13 Debt Limits Increase April 1, 2010.

  1. Pingback: Can I File A Chapter 20 Bankruptcy? | Kevin Gipsons Legal Tips

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