How do I know if I'm eligible to file for Chapter 13 bankruptcy in Augusta?

The best way to find out if you're eligible to file for Chapter 13 bankruptcy is to schedule a free consultation with an Augusta Chapter 13 bankruptcy attorney at Seymour & Associates, P.C. They will be able to look at your unique situation and assess whether or not Chapter 13 would be a good option for you. Things they will be looking at include:

  • The amount of your secured debts. If they are more than $1,149,525, you do not qualify for Chapter 13. This amount is sometimes adjusted for inflation; the next adjustment will be April 1, 2016.
  • Whether or not you're current with your taxes. Part of filing for Chapter 13 bankruptcy includes submitting proof that you filed for federal and state income tax returns for the past four years.
  • The stability of your income. Chapter 13 bankruptcy is for individuals who have a stable, reliable source of income because Chapter 13 revolves around a payment plan. If you don't make enough money on a regular basis, you can't participate in a payment plan.
  • Disposable income. In addition to having a regular source of income, you will need to be making enough money to cover all of your basic necessities and then have enough left over to pay the debts. If you get a regular paycheck, but it's not enough to cover food, shelter, and the payment plan, you may not qualify.

It's great to do research on your own, but bankruptcy law can be extremely complicated and is often best explained by a trained legal professional. If you are thinking of filing for Chapter 13 bankruptcy, contact Seymour & Associates, P.C., at 888-704-3644 for a free consultation.


This answer does not create an attorney/client relationship and is for informational purposes only.  We are a law firm licensed in Georgia.   A consultation with a qualified attorney in your area is required to determine specific legal advice as to your situation and applicable law. We are a law firm designated by Congress as a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code.

Angie Seymour
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Bankruptcy Attorney Serving Augusta, GA