Monday, April 5, 2010

As of April 1, 2010 there are new debt ceilings for chapter 13.

Secured Debt Limit $1,081,400
Unsecured Debt Limit $360,475

If your debt for either category exceeds the above amounts, then you are not eligible for a chapter 13. You should then consider chapter 7 or chapter 11.

Talk to a local bankruptcy attorney to review your case and help you decide which option would then be best for you. We offer free consultations, so contact us today.

Leeders & Associates, Ltd.
we have both city and suburban locations around Chicago.
As always, we offer free consultations and payment plans as well.