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Chapter 13 Bankruptcy Not Possible, File Chapter 11?

Now, you can owe up to $1,010,650 of secured debt, and still be able to file Chapter 13 bankruptcy, depending on how much unsecured debt you owe. If you are over the Chapter 13 bankruptcy debt limit, you can still file Chapter 11 bankruptcy. So, if your Michigan house is worth $900,000, and you owe…

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