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Wednesday, March 7, 2007

Chapter 13 Debt ceiling increase

Effective April 1, 2007 :

The upper threshhold of who can be a debtor under chapter 13 has increased.

the ceiling on debts in Chapter 13 will increase to $336,900 for unsecured debts and $1,010,650 for secured debts.

These limits apply to liquidated debts only; which most are. Unliquidated debts are not lumped into this calculation.
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