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Showing posts with label debt amount. Show all posts
Showing posts with label debt amount. Show all posts

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.