Until June 20, 2022, the Chapter 13 Bankruptcy Threshold was limited to individuals with unsecured debts of no more than $465,275 and secured debts of no more than $1,395,875. When President Joe Biden signed the Bankruptcy Threshold Adjustment and Technical Corrections Act (SB 3823), it increased Chapter 13 debt limits to a total of $2,750,000….
A large percentage of Americans are struggling with some form of debt. From credit card and car loans to student debt and mortgages, there are many ways that Americans find themselves stuck in the pits of debt. Especially when inflation is out of control! I’m sure you feel the pinch, just like I do. Many…
