While there are a few different types of bankruptcy cases, our firm only files chapter 7s and chapter 13s. A chapter 13 bankruptcy case is a restructuring/payment plan, with the discharge being granted at the end. The payments cannot be less than 36 months or more than 60 months.
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.
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).
While there are a few different types of bankruptcy cases, our firm only files chapter 7s and...
U.S.C. §109(e) governs an individual's eligibility to file a case under Chapter 13 of the...
A Chapter 13 plan must meet the requirements of section 1325(a) to be confirmed. 11 U.S.C. §...
