Who is eligible for Chapter 13 Bankruptcy?

In New York, individuals who are seeking relief from their debts under Chapter 13 Bankruptcy must meet certain eligibility requirements. To be eligible for Chapter 13 Bankruptcy in New York, you must: -Have less than $419,275 in unsecured debts, such as credit cards, medical bills, and personal loans. -Have less than $1,257,850 in secured debts, such as a car loan or mortgage. -Have enough income to make payments under the repayment plan. -Have not had a Chapter 13 Bankruptcy discharge within the past two years, or a Chapter 7 Bankruptcy discharge within the past four years. In addition to meeting certain debt limits, you must be an individual, not a business, and you must be a resident of the United States to file for Chapter 13 Bankruptcy in New York. It is important to note that even if you meet all of the eligibility requirements for Chapter 13 Bankruptcy in New York, you may still be denied relief from your debts if the court determines that you have sufficient income to pay your debts or that your repayment plan is not feasible. Therefore, it is important to consult with a knowledgeable attorney to help you determine whether or not you meet the eligibility requirements and if Chapter 13 Bankruptcy is the right choice for you.

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Who is eligible for Chapter 13 Bankruptcy?

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