Chapter 13 debt limits

Chapter 13 Debt Limits Increase By 7%

by Kent Anderson, Oregon Bankruptcy Attorney

Debt limits for Chapter 13 increase April 1, 2010, to $360,475 of unsecured debt and $1,081,400 of secured debt.  This change represents an increase of about 7% over the Chapter 13 debt limits in effect prior to the change.  Congress limited the amount of debt owed by the debtor in a Chapter 13 case but adjustments to the [...]