The final Chapter of bankruptcy is Chapter 13, which is available to individuals. Chapter 13 bankruptcy is an alternative to Chapter 7 bankruptcy. To qualify for Chapter 13 bankruptcy, “the individual's unsecured debts are less than $383,175 and secured debts are less than $1,149,525” ("Chapter 13 - Bankruptcy Basics."). All individuals, including those who are self-employed, are eligible to file for Chapter 13 bankruptcy. Along with a petition for bankruptcy, a $235 case filing fee, and a $75 administrative fee, a debtor must submit:
(1) schedules of assets and liabilities; (2) a schedule of current income and expenditures; (3) a schedule of executory contracts and unexpired leases; and (4) a statement of financial affairs.…