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When You Have Too Much Debt to Handle Sometimes debt can pile up to the point where making even minimum payments feels impossible with your current income. Credit card balances, personal loans, and other unsecured debts can quickly spiral out of control, especially when combined with secureddebts like a car loan or mortgage.
After completing the plan, any remaining unsecured debts may be discharged. To qualify for Chapter 13, You must have unsecured debt under $465,275 and secureddebt under $1,395,875. How Can a Bankruptcy Lawyer Help Me With Managing Unsecured Debts? They will look at all your debts, income, and expenses.
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