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Question about burrowing in chapter 13

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    Question about burrowing in chapter 13

    Don't remember but I read somewhere that if you are in an active Chapter 13 BK, you can borrow up to $1000 without requiring approval from the trustee. Is that correct? Please advice

    #2
    No, it depends on your specific trustee and court. The limit could be zero. It could be higher than $1000.

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      #3
      Check your documents it should tell you what you can do. It was stated in ours my husband and I could only have $500 each in credit.
      I am not an expert. I just share my experiences in the Wonderful Wacky World of Chapter 13! Filed 3-30-18 Confirmed 7-11-18 Discharged 6-8-22

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        #4
        Originally posted by flashoflight View Post
        No, it depends on your specific trustee and court. The limit could be zero. It could be higher than $1000.
        okay thank you so much

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          #5
          Originally posted by Carmella View Post
          Check your documents it should tell you what you can do. It was stated in ours my husband and I could only have $500 each in credit.
          Good idea, should've thought of that

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            #6
            As others have said, whether, and how much, one can borrow while in a Chapter 13 varies rather dramatically. In my case I couldn't incur debt for a single penny without prior approval for the full five years.
            Latent car nut.

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