Welcome To The MN Bankruptcy Blog

Inside you will find over 500 helpful articles discussing the Chapter 7 & 13 Bankruptcy Process and other solutions for difficult financial situations.

 

    CHAPTER 13 BANKRUPTCY ELIGIBILITY

    Posted by Col Ovik on August 2

    U.S.C. §109(e) governs an individual's eligibility to file a case under Chapter 13 of the Bankruptcy Code.  Only an individual with regular income that owes, on the date of the filing of the petition, less than $2,750,000 may be a debtor under chapter 13 of this title.

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    Chapter 13 Bankruptcy Requirements

    Posted by Col Ovik on August 9

    A Chapter 13 plan must meet the requirements of section 1325(a) to be confirmed. 11 U.S.C. § 1329(b)(1). Plan compliance is discussed in section 1325(a)(6). That section states that "the court shall confirm a plan if the debtor will be able to make all payments under the plan and to comply with the plan." 11 U.S.C. § 1325(a)(6).

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