How do I know if I am legally able to file for Chapter 13 bankruptcy? 3 Answers as of October 16, 2010

I 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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Greifendorff Law Offices, PC
Greifendorff Law Offices, PC | Christine Wilton
Call an attorney. You do NOT want to file chapter 13 without the assistance of an attorney. The reporting requirements and rules are complicated.
Answer Applies to: California
Replied: 10/16/2010
Diefer Law Group, P.C.
Diefer Law Group, P.C. | Abel Fernandez
There are guidelines to determine this issue. You should consult an attorney.
Answer Applies to: California
Replied: 10/15/2010
The Law Office of Mark J. Markus
The Law Office of Mark J. Markus | Mark Markus
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
Replied: 10/15/2010
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