Brandon Chapter 13 Eligibility Attorney
Serving Florida with Knowledgable Representation
- Am I eligible for a Chapter 13 bankruptcy?
The filer must be an individual and cannot file as a business or corporate entity. Married couples may
file as a joint petitioner, listing all marital income, assets and debts.
All assets and debts accrued by one or the other spouse, during the course
of the marriage will be treated by the courts as marital assets or liability.
If you are considering filing for
divorce, it may be to your advantage to wait until your marital debts are divided
in your final divorce judgment, before filing Chapter 13 bankruptcy.
You must be able to meet the monthly terms of the supervised debt repayment plan. The repayment schedule is typically
from three to five years, depending upon your income level. This typically
means showing that you have a regular household income greater than your
reasonable living expenses.
Your unsecured debts cannot total more than $337,000 and secured debts cannot exceed $1,010,000. I think these amounts have
You cannot have had any debt discharged under
bankruptcy within the previous four years of filing Chapter 13.
Under the U.S. Bankruptcy Code, nearly any individual is eligible to file
for Chapter 13 bankruptcy in the U.S. Bankruptcy Court.
Eligibility requirements for filing
Chapter 13 in Florida include:
Under the rules of Chapter 13 bankruptcy, you are entitled to list all
secured and unsecured debt, including
student loans, IRS
tax workouts and
medical bills. There are significant advantages to a court-supervised Chapter 13 plan,
which many people overlook when they are considering bankruptcy. Under
Chapter 13, you can get a significant amount of debt discharged upon completion
of your three or five year debt payback plan.
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Get the straight facts about Chapter 13 bankruptcy. Contact a Brandon Chapter
13 eligibility lawyer at The Golden Law Group to schedule a free initial
consultation. Offices are conveniently located in Brandon and
Bradenton, Florida. The firm represents clients in communities throughout Manatee
County, Hillsborough County and
Sarasota County, Florida.