Daniel Rodriguez
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Asset evaluation and exemptions
Individuals who earn above the median income in California are required to file a Chapter 13 bankruptcy petition along with a repayment plan. Standard qualification for filing a Chapter 13 bankruptcy in California is living in the state for 180 days, but state exemptions are only allowed for those who have lived in the state for over 730 days. Federal exemptions are not allowed in California bankruptcies.
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Pay 100% of all claims The first way to get out of Chapter 13 bankruptcy early is to pay off all the claims against you. This includes claims for unsecured debt and all court and administrative fees.
You must propose a repayment plan Your debts are repaid per the terms of a plan proposed to the court and approved by the judge in your case and your creditors. The amount that you'll pay to satisfy a
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