What do you need to file Chapter 13?

To qualify for Chapter 13 bankruptcy:

You must have regular income.
Your unsecured debt cannot exceed $419,275, and your secured debt cannot exceed $1,257,850.
You must be current on tax filings.
You cannot have filed for Chapter 13 bankruptcy in the past two years or Chapter 7 bankruptcy in the past four years.

To make sure you missed no form or deadline, make sure you get the legal instructions from your bankruptcy lawyer. The list of the documents needed to file Chapter 13 plan includes: The proof of filing-related court fees payments; The list of all debtor’s creditors and debt amounts to each;

What happens when you file a chapter 13 bankruptcy?

Although filing a Chapter 13 bankruptcy allows you to protect and keep all your property, your Chapter 13 plan will require you to pay certain creditors an amount that is equal to the value of your unprotected property.

How many pages are in a chapter 13 petition?

The forms ask you about everything you make, spend, own and owe. There are 23 separate forms, totaling roughly 70 pages in your Chapter 13 petition. You must enter all of your financial data and be able to give the court a full and accurate picture of your financial situation.

What kind of information do you need to file bankruptcy?

For your bankruptcy forms, you’ll need to supply information about your earnings from all sources for the past two years. You will need to list all of your monthly expenses as accurately as possible.

What do I need to file for Chapter 13 bankruptcy?

When you file for Chapter 13 bankruptcy, you must complete and file a packet of forms. Here’s a list of the many forms you’ll need to file for Chapter 13, and where to find them. To learn more about Chapter 13 bankruptcy, see Chapter 13 Bankruptcy.

How many pages do you need to fill out for Chapter 13?

There are 23 separate forms, totaling roughly 70 pages in your Chapter 13 petition. You must enter all of your financial data and be able to give the court a full and accurate picture of your financial situation. Part of filling out the bankruptcy forms in a Chapter 13 case is also drafting your Chapter 13 repayment plan.

Do you have to file a repayment plan in Chapter 13?

You must file a proposed repayment plan with your Chapter 13 petition. There is no official form for the repayment plan. You can find an example of a repayment plan, including detailed information on what you must include in the plan, in Chapter 13 Bankruptcy: Keep Your Property & Repay Debts Over Time, by Stephen Elias and Kathleen Michon (Nolo).

What happens to your house when you file Chapter 13 bankruptcy?

Nevertheless, the debtor may still lose the home if the mortgage company completes the foreclosure sale under state law before the debtor files the petition. 11 U.S.C. § 1322 (c). The debtor may also lose the home if he or she fails to make the regular mortgage payments that come due after the chapter 13 filing.