July 21, 2022 – Today President Joe Biden signed into law a measure that increases the debt limit for chapter 13 filings to $2.5 million, for the next two years (until July 21, 2024).
The new law combines unsecured and secured debts amounts into a single cap. The prior law had a separate cap of $465,275 for unsecured debt and $1,395,875 for secured debt.
Find out more about the cost of filing on LegalConsumer.com/bankruptcy/filing/