• Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
    --Donna
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
    --David
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
    --Anonymous
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
    --Anonymous
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
    --Joanna
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.
    --Danielle

Chapter 13 Eligibility Criteria

Chapter 13 eligibility criteriaWhile chapter 13 bankruptcy can be a great option for many debtors, there is a specific set of requirements that you must meet in order to be eligible for filing the petition. Here are a few major filing requirements that you must meet Chapter 13 eligibility criteria.

Chapter 13 Eligibility Criteria

  • The first and most important criterion is that Chapter 13 bankruptcy can be filed only by individuals and not by any businesses entity. For instance, if you own a business, you can file a chapter 13 in lieu of only your personal liabilities and not business debts.
  • You must be able to prove in a bankruptcy court that you will have sufficient income (even after deducting the payment expenses towards secured debts) to meet all your repayment obligations. The court will most certainly disapprove of an individual’s petition, if he/she does not have a stable income, as in this case, the plan will not be feasible.
  • Your debt must not be too high. For instance, you will not be eligible for filing a chapter 13 if your unsecured debt exceeds $394,725 and your secured debt is more than $1,184,200. This threshold amount is adjusted periodically for inflation. While your unsecured debts include your medical bills, income taxes, personal loans, credit card debt, student loan and so on, your mortgage and vehicle loans fall under the category of secured debts.
  • If you have discharged a previous debt by means of a chapter 13 bankruptcy within the last two years or a chapter 7 bankruptcy within the last four years, you will not qualify for filing another chapter 13 unless the aforementioned time frame has elapsed.

Most importantly, your proposed chapter 13 plan must include a feasible schedule for repaying all the required debts known as the priority or secured debts in full. Find debt relief and protect assets with the help of a professional. Our team of experienced bankruptcy attorneys in Sacramento will guide you every step of the way.

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