How do I know if I qualify for a Chapter 13 bankruptcy?

To determine if you qualify for Chapter 13 bankruptcy in Florida, you must first understand the eligibility requirements under federal bankruptcy laws. In general, you must have a source of regular income to be eligible for Chapter 13. This income can come from self-employment, regular wages, or any other type of accepted source of payments. You must also have enough income to pay your debts and meet your financial obligations. Additionally, you must have unsecured debt of less than $419,275 and a secured debt of less than $1,257,850. In addition to these requirements, you must have filed all tax returns for the previous four years. If you have filed for Chapter 7 bankruptcy in the past, you must make it at least four years from the date your case was dismissed or closed before you can file for Chapter 13. Also, if you have previously received a Chapter 13 discharge, you may be barred from filing for another Chapter 13 bankruptcy for a period of two years. Finally, you must complete a credit counseling course before you can file for Chapter 13 bankruptcy. You must certify completion of the course by submitting documents to the court. By meeting the eligibility requirements and completing the necessary documentation, you can determine if you qualify for Chapter 13 bankruptcy in Florida. If you are unsure of your eligibility, contact a bankruptcy attorney or financial advisor who can review your specific financial situation.

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How do I know if I qualify for a Chapter 13 bankruptcy?

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