Is it true that the MAX debt you can have to file BK 7 is 308,000 UNSECURED?

storesstores

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Joined: Dec 2006

Posts: 64
#1

Is it true that the MAX debt you can have to file BK 7 is 308,000 UNSECURED?

03-02-2007, 04:18 PM

Is it true that the MAX debt you can have to file BK 7 is 308,000 UNSECURED?
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bige1030

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Joined: Dec 2006

Posts: 247
#2

03-02-2007, 05:01 PM

No...the debt limit is for Chapter 13. There is no debt limit for Chapter 7 - just means testing limits and stuff like that if your debt is primarily consumer debt.

Last edited by SinkingFast; 03-02-2007, 05:55 PM. Reason: minor correction

DISCLAIMER: I am not an attorney. My posts are not legal advice. They are for information only. Please feel free to use them in an academic sense, as I simply wish to share with you what I have learned/researched.
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