Bankruptcy FAQs
Who can file a chapter 13 bankruptcy petition?
Individuals may file chapter 13 bankruptcy petitions if they:
- reside, have a domicile, a place of business, or property in the United States;
- have a source of regular income; and
- on the date the petition is filed owe less than $290,525 in non-contingent, liquidated, unsecured debts and less than $871,550 in non-contingent, liquidated, secured debts.
Corporations and partnerships may not file a chapter 13 bankruptcy petition.
If you filed a prior bankruptcy petition and the prior proceeding was dismissed within the last 180 days, you may not be able to file a second petition.
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