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  • 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

How Can I Know If I Qualify For A Chapter 13 Bankruptcy?

When considering bankruptcy, it is natural to ask yourself if you qualify.  And while there are two types of bankruptcy, here we will focus on Chapter 13 bankruptcy.  One of the nice things about Chapter 13 bankruptcy is that there is no maximum income requirement.  However, there are several major criteria that you must meet.

The following list outlines the most important requirements but is not comprehensive.

  • Your debt must be below a certain threshold.  In California, the limit for unsecured debts (i.e. credit cards, student loans, taxes, medical bills, personal loans, etc.) is $419,275 and the limit for secured debts (i.e. vehicle loans and mortgages) is $1,257,850.  These figures are adjusted from time to time due to inflation.
  • The next requirement you must meet is that you must be filing as an individual and not as a business entity (a sole proprietor is fine).  Chapter 13 bankruptcy is not designed for and does not discharge debts of business entities.  However, you can still file for Chapter 13 bankruptcy personally even if you own a business.  In this case, you would qualify based only on your personal liabilities.
  • If you attempt to file a Chapter 13 bankruptcy, you will have to prove to the court that you have enough income to meet your repayment obligations.  If you don’t have a stable income, the court will most likely reject your payment plan.  Consistent income is key here.
  • The court will reject your petition to file a Chapter 13 if in the last two years, you have gotten rid of debt through a Chapter 13 bankruptcy or in the last four years through a Chapter 7.  You will have to wait until you meet these timeline requirements to file anew.

If you meet these requirements or want to look at your other options in bankruptcy, contact your local Yuba City bankruptcy attorney at (530) 797-4402.

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