Chapter 13 Eligibility for Debtor
Business February 23rd. 2009, 3:15pmAn individual, even if he is self employed or owning an unincorporated business is eligible for chapter 13 relief. You required to contact an experienced king county bankruptcy attorney to fill your bankruptcy under chapter 13. If you’re total amount of debt is too high you are not eligible for chapter 13 bankruptcy. Your secured debt need to less than $1,010,650 and unsecured debt need to less then $336,900 to eligible for chapter 13 bankruptcy. A corporation or partnership may not eligible for chapter 13 bankruptcy. In “secured debt” creditor have to right to take a specific item of property. In “unsecured debt” doesn’t give the right to take specific item of property.