Effective April 1, 2016, Chapter 13 bankruptcy debt limits have increased.
Effective April 1, 2016, the debt limits for Chapter 13 bankruptcy changed. The information in Nolo books has become outdated as a result of this change. The new Chapter 13 bankruptcy debt limits are as follows:
$394,725 for unsecured debt, and
1,184,200 for secured debt.
The information in Nolo books explaining the differences between secured and unsecured debt remains unchanged. For further information concerning Chapter 13 bankruptcy qualifications (including updated debt limits), read Nolo’s online article Are You Eligible for Chapter 13 Bankruptcy?
Debt limit information changes every three years to account for inflation. The next update is expected to occur April of 2019.