Chapter 13 Personal Bankruptcy

Summary & tips for understanding Chapter 13 laws in consumer personal bankruptcy cases

Plan terms vary between 3 to 5 years. A plan lasting more than three years must be approved by the court "for cause." All chapter 13 plans are currently limited to a maximum of 5 years. 11 U.S.C. 1322(d). Individuals, including self-employed owners of sole proprietorships, are authorized to file chapter 13 if owing less than $269,250 in unsecured debts, and less than $807,750 in secured debts. 11 U.S.C. 109(e).