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October 30, 2019 at 6:40 am
#36309
Participant
Joseph,
I’d like to add that debt limits in Chapter 13 are for non-contingent, liquidated debts so potential debts may be outside the debt amount. contingent debts are usually things like guarantees; unliquidated debts are normally pending lawsuits for things like a personal injury where the ultimate liability is unknown.
Additionally, the limit is around $400k for unsecured debts and $1m for secured debts. So you have to take that into account as well.
Good luck.
Jim