MenuThis question is tricky in its simplicity. While almost every individual person is eligible to file a bankruptcy, the real consideration is eligibility for bankruptcy relief, which can vary from person-to-person. Most frequently, the question is "can I file a chapter 7 straight bankruptcy and obtain a fresh start with a discharge?"
Chapter 13 Debt Limit
Requirement of 11 USC 109(e) concerning the maximum debt of a chapter 13 debtor. As of April 2010, this was $360,475 unsecured debt and $1,081,400 secured debt. These limits only apply to noncontingent liquidated debts, and are periodically adjusted for inflation.
