Chapter 13 Relief for High Debt Individuals
With the rise in real estate values across the country and particularly in California, some individuals with high mortgage debt or high unsecured debts from failed business were, until recently, unable to seek Chapter 13 bankruptcy relief. As of April 1, 2022, individuals were not eligible for Chapter 13 bankruptcy relief if they owed more than $465,275 in unsecured debt or more than $1,385,875 in secured debt. For those individuals that exceeded that limit and had a mountai