Chapter 13 Eligibility
Chapter 13 Eligibility
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Chapter 13 Bankruptcy Payments: What to Expect on a Low Income
In Chapter 13 bankruptcy, filers must pay priority debts and secured arrearages in full, pay unsecured creditors at least Chapter 7 value, and contribute all disposable income under a three- to five-year plan based on their income relative to the state median.
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Chapter 13 Rules: No Means Test Required
Although the Chapter 7 means test doesn't apply in Chapter 13, you still must meet Chapter 13 qualification requirements and prove you earn enough to pay the debts required by the Chapter 13 plan.
Get Help From Nolo
Get Help From Nolo
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Get in-depth information about Chapter 13 bankruptcy with this comprehensive book.