Eligibility for Chapter 13 Bankruptcy

Amount of Debt

Certain debt limitations apply to be eligible for Chapter 13

  • unsecured debts – must be less than $383,175
  • secured debts – must be less than $1,149,525
  • amounts are adjusted periodically
  • only “liquidated” and “non-contingent” debt counted
  • in some cases, debt limitations may be waived

Regular Source of Income

To be eligible to file Chapter 13 a person must have a regular and stable source of income. The source of income may be almost any source of income, such as wages, business income, social security or retirement income.