HOW DO I GET A DIVORCE OR FILE BANKRUPTCY IN MECOSTA? (810) 235-1970

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Only “individuals with regular income” may file Chapter 13 petitions and propose plans providing for the composition and extension of debts. Relief under this chapter is not available to artificial persons, nor is it available to individuals who do not receive regular income or are carrying heavy debt loads. 11 USC 109.


How do I file for Bankruptcy in Flint ,Bay City, Saginaw, Lapeer, Owosso or Burton Michigan? Call (810) 235-1970 to Flint Bankruptcy Lawyer Terry Bankert. Or through http://www.nojokebeingbroke.com
Or http://www.attorneybankert.com
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A Chapter 13 debtor normally files, along with a voluntary petition, a proposed Chapter 13 plan, in which the debtor proposes to pay all or a portion of the debts over time with regular income. Unlike the Chapter 7 debtor, the Chapter 13 debtor is not required to surrender nonexempt property to the trustee for liquidation; the plan may propose that the debtor keep this property while he or she pays the debts. Unlike the Chapter 11 debtor, the Chapter 13 debtor does not receive a discharge once the plan is confirmed; discharge is granted only when the debtor performs all the obligations under the plan or otherwise qualifies for a hardship discharge.
As of April 1, 2007, the eligibility requirements for Chapter 13 debtors have been increased. Only individuals with regular income who have, on the date of filing a Chapter 13 petition, noncontingent and liquidated secured debts in an amount less than $1,010,650 and noncontingent and liquidated unsecured debts in an amount less than $336,900 are eligible for Chapter 13 relief. 11 USC 109(e). The debt limits are adjusted every three years, 11 USC 104(a), and increased to $1,081,400 and $360,475 effective April 1, 2010. See generally In re Pisczek, 269 BR 641 (Bankr ED Mich 2001); In re Faulhaber, 269 BR 348 (Bankr WD Mich 2001).

Mecosta County

Mecosta
http://www.co.mecosta.mi.us/

400 Elm StBig Rapids, MI 49307(231) 796-2505
Area: 556 smEst: 1859Pop: 40,553Pop/sm: 73.0Seat: Big Rapids

Terry R. Bankert P.C.

http://attorneybankert.com/