Who can file a Chapter 13 bankruptcy petition?
Individuals may file chapter 13 bankruptcy petitions if they: (1) reside, have a domicile, a place of business, or property in the United States, or a municipality; (2) have a source of regular income; and (3) on the date the petition is filed owe less than $250,000 in noncontingent, liquidated, unsecured debts and less than $750,000 in noncontingent, 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 and should check 11 U.S.C. sec. 109(g).
Individuals may file Chapter 13 bankruptcy petitions if they: (1) reside, have a domicile, a place of business, or property in the United States, or a municipality; (2) have a source of regular income; and (3) on the date the petition is filed owe less than $250,000 in noncontingent, liquidated, unsecured debts and less than $750,000 in noncontingent, liquidated, secured debts. Corporations and partnerships may not file a chapter 13 bankruptcy petition.
