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

Chapter 13 bankruptcy is a type of bankruptcy that can be filed by individuals with regular income. In Oklahoma, you must meet certain criteria in order to qualify for a Chapter 13 bankruptcy filing. First, you must have a steady source of income, such as a job or regular Social Security payments. Second, the amount of your secured debts must be less than $1,184,200 and your unsecured debts must be less than $397,675. Third, you must have filed all of your required state and federal tax returns for the past four years. Finally, you must complete credit counseling and an approved budget plan from an accredited nonprofit budget and counseling organization. If you meet all of these criteria, then you may qualify for a Chapter 13 bankruptcy in Oklahoma. It is important to note that the qualification requirements may vary from one state to the next. Therefore, it is a good idea to consult with an experienced bankruptcy attorney in your state before filing for Chapter 13 bankruptcy. An attorney can review your financial situation and help you determine if you qualify, as well as explain the other requirements and procedures involved in the bankruptcy process.

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

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

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