Chapter 13 Bankruptcy Lawyer and Chapter 7 Bankruptcy Lawyer - Bankruptcy Lawyer Jordan E. Bublick has over 25 years of experience in filing Chapter 13 and Chapter 7 bankruptcy cases. Office: 1221 Brickell Avenue, 9th Fl., Miami , Florida. Tel.:  (305) 891-4055.  www.bublicklaw.com

Chapter 13 Eligibility

Any individual, with a "regular" source of income, if self-employed or operating an unincorporated business, is eligible for chapter 13 relief as long as the individual's unsecured debts are less than $383,175.00 and secured debts are less than $1,149,525.  It should be noted that "unliquidated" and "contingent" debt may not be counted towards these amounts.  These amounts are adjusted periodically to reflect changes in the consumer price index. The next adjustment will be on April 1, 2016. A corporation or partnership may not be a chapter 13 debtor.

Unless court permission is granted, an individual cannot file under chapter 13 or any other chapter if, during the preceding 180 days, a prior bankruptcy petition was dismissed due to the debtor's willful failure to appear before the court or comply with orders of the court or was voluntarily dismissed after creditors sought relief from the bankruptcy court to recover property upon which they hold liens.

In addition, no individual may be a debtor under chapter 13 or any chapter of the Bankruptcy Code unless he or she has, within 180 days before filing, received credit counseling from an approved credit counseling agency.