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Bankruptcy Law - Questions & Answers
Who can file a Chapter
13 bankruptcy petition?
Individuals may file Chapter
13 bankruptcy petitions if they:
(1) reside, have a domicile, a place of business,
or property in the United States, or a municipality;
(2) have a source of regular income; and
(3) on the date the petition is filed owe less
than $290,525* in noncontingent, liquidated, unsecured
debts and less than $871,550* in noncontingent,
liquidated, secured debts.
*These amounts are subject to change.
Corporations and partnerships may not file a Chapter
13 bankruptcy petition.
If you filed bankruptcy before,
your right to a discharge in a succeeding case
may be affected. An attorney can help you evaluate
your right to file another case.
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