Is there a limit to the amount of debt I can have when filing for bankruptcy?

In Kansas, the amount of debt that you can have when filing for bankruptcy varies depending on the type of bankruptcy that you are filing for. Generally, if you are filing for Chapter 7 bankruptcy, the limit for unsecured debt is $2,500. This type of debt includes credit card debt, medical bills, most personal loans, and other similar liabilities. In addition, the Kansas Bankruptcy Court also sets a limit for secured debt, such as mortgages and car loans. Specifically, the secured debt limit is set at $50,000, which means that you can have up to this amount of debt secured by certain assets. Finally, if you are filing for Chapter 13 bankruptcy you may have an unlimited amount of debt. This type of bankruptcy allows you to restructure your debts and repay a portion of them over a period of up to five years. However, you must meet certain requirements to qualify for Chapter 13 bankruptcy. Overall, the amount of debt that you can have when filing for bankruptcy in Kansas depends on the type of bankruptcy that you are filing for. Therefore, it is important to understand the requirements for each type of bankruptcy in order to determine the debt limits that apply to you.

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Is there a limit to the amount of debt I can have when filing for bankruptcy?

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