How do I know if I am legally able to file for Chapter 13 bankruptcy? 3 Answers as of October 16, 2010I have a home I do not want to give up and a secure job, but am having a lot of trouble paying my debts. I want to pay off my debts in the next 3-5 years but know that this is not possible. How do I know if I am able to file for Chapter 13 bankruptcy?
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The way to know is to have a consultation with a qualified bankruptcy attorney in your area. Any individual is eligible to file Chapter 13 if they have regular income and have total secured debts of less than $1,081,400 and unsecured debts totaling less than $360,475.
Answer Applies to: California