http://wwrbankruptcy.com/2009/02/21/eligibility-for-relief-in-chapter-13-debt-limits-proposed-legislation/ WW&R Bankruptcy practice group of Weltman, Weinberg & Reis, the nation's largest creditor's rights law firm, is your source for bankruptcy news and information. We are committed to helping clients thrive in these ever changing times. Thu, 19 May 2011 01:39:56 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://wwrbankruptcy.com/2009/02/21/eligibility-for-relief-in-chapter-13-debt-limits-proposed-legislation/comment-page-1/#comment-181 Anika Tue, 23 Feb 2010 20:27:11 +0000 http://wwrbankruptcy.com/?p=121#comment-181 Thank you. I have been looking for proposed legislation to this end. Has this been formally submitted? An amendment to this effect would be extremely helpful for debtors seeking relief. In fairness I think that an amendment should also include an exception for debtors whose debt limitations are exceeded because of a primary residence, regardless of whether it is undersecured. In all likelihood, most real property of debtors currently seeking relief through bankruptcy will be undersecured. I see the issue as preclusion of a bankruptcy option for debtors living in markets where the cost of a home far exceeds the average. Do you know what the revised amounts will be in April? Thank you. I have been looking for proposed legislation to this end. Has this been formally submitted? An amendment to this effect would be extremely helpful for debtors seeking relief. In fairness I think that an amendment should also include an exception for debtors whose debt limitations are exceeded because of a primary residence, regardless of whether it is undersecured. In all likelihood, most real property of debtors currently seeking relief through bankruptcy will be undersecured. I see the issue as preclusion of a bankruptcy option for debtors living in markets where the cost of a home far exceeds the average. Do you know what the revised amounts will be in April?

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