If filing for chapter 13, is there such a thing on making too much money? Does this mean you cannot file? 11 Answers as of June 25, 2017

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Ronald K. Nims LLC | Ronald K. Nims
No, there is no income limit in chapter 13.
Answer Applies to: Ohio
Replied: 6/25/2017
Benson Law Firm
Benson Law Firm | David Benson
You can always file. It's just a question of what Chapter you file under and whether you can get a complete discharge of your debts.
Answer Applies to: Ohio
Replied: 6/25/2017
Richard B. Jacobson & Associates, LLC | Richard B. Jacobson
It doesn't mean you cannot file. It does mean that you will probably have to pay more into the Plan, in accordance with your earnings and legitimate expenses. There are some limits on the size of your total secured and unsecured debt, but that is not the question you asked.
Answer Applies to: Wisconsin
Replied: 6/22/2017
Janet A. Lawson Bankruptcy Attorney
Janet A. Lawson Bankruptcy Attorney | Janet Lawson
Too much money is not an issue for a chapter 13 filing. It is an issue for a Chapter 7 case.
Answer Applies to: California
Replied: 6/22/2017
Stephens Gourley & Bywater | David A. Stephens
There is no such thing as making so much money you are not eligible for chapter 13. It will affect your plan payments.
Answer Applies to: Nevada
Replied: 6/22/2017
    Eranthe Law Firm
    Eranthe Law Firm | Cate Eranthe
    There is no such thing. If you exceed a certain level you may have to pay a 100% plan. You would have 5 years to pay off all of your creditors. There are debt limits they may make you ineligible. Please go see a local knowledgeable bankruptcy attorney for help with your situation.
    Answer Applies to: California
    Replied: 6/22/2017
    OlsenDaines | Rex Daines
    Chapter 13 payments are based either on the value of your assets, the type of debt you have, or your income. Whichever of these analysis results in the highest chapter 13 payment is what you have to pay. In your case, if the income analysis is highest, then you need to pay based on your income and YES, the higher your income, the more you pay. But to answer your questions, YES, you can file.
    Answer Applies to: Oregon
    Replied: 6/22/2017
    Portland Bankruptcy Law Group
    Portland Bankruptcy Law Group | Christopher J. Kane
    If you make a lot of money it is possible that you will not qualify to file Chapter 7, but there is not an income limit that would prohibit you from filing Chapter 13. There are debt limits that can prohibit you from filing Chapter 13, but not income limits.
    Answer Applies to: Oregon
    Replied: 6/22/2017
    GARCIA & GONZALES, P.C.
    GARCIA & GONZALES, P.C. | Richard N. Gonzales
    No. If you are a high income earner, you may have to pay back a portion of your debts. Meet with an experienced BK lawyer.
    Answer Applies to: Colorado
    Replied: 6/22/2017
    Charles Schneider, P.C.
    Charles Schneider, P.C. | Charles J. Schneider
    There can be too much debt to file a chapter income. There is no such thing as too much income.
    Answer Applies to: Michigan
    Replied: 6/22/2017
    A Fresh Start
    A Fresh Start | Dorothy G Bunce
    When you file Chapter 13, there is a limit to how much debt you can have, not how much money you make. You may have confused Chapter 13 with Chapter 7. In Chapter 7, you need to show that you do not have enough income to pay much beyond your necessary living expenses. In Chapter 13, the Court determines how much you can afford to pay creditors, and you pay that amount, subject to ongoing adjustments depending on your situation, for up to 5 years. Your payments are then allocated to the court administrative costs and among your creditors.
    Answer Applies to: Nevada
    Replied: 6/22/2017
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