Chapter 13 bankrupcy and unemployed

Well, ch-13 is said to be the wage-earners bankruptcy. Unfortunate that you have lost your job just before filing for it. Check if you can file ch-7. Since under ch-13 if you fail to meet the commitment to the lenders, you can get yourself into greater troubles.

You dont qualify for Chapter 13 if you are unemployed but still you can file . However the repayment plan should show a steady income

Further, you are not allowed to incur new debts while on ch-13 plan, which I feel would be hard for you since you're unemployed.

Unemployment income would probably not allow for disposable income to pay the creditorys. It would probably have to be converted to a chapter 7. For most people, unemployment would not even meet the standard numbers that are used to determine your cost of living.

I've noticed there's alot of misinformation on this board!
Here's some info for you. You said you just lost your job, you should be able to sign up for unemployment.

What Exactly Should You Consider as Income for the Purposes of Filing Chapter 13 Bankruptcy?

When reviewing your financial assets for the purposes of filing Chapter 13 bankruptcy, income is a fundamental component. Sometimes it can be confusing to figure out what exactly constitutes income for the purposes of filing Chapter 13 bankruptcy.

Income can include any of the following items:

* Your regular wages or salary;
* Your income from self-employment;
* Any wages you earn from seasonal work;
* Your commissions from sales or other work;
* Your pension payments;
* Your Social Security benefits;
* Your disability or workers' compensation benefits;
* Your unemployment benefits;
* Your public benefits (welfare payments);
* Any child support or alimony you receive;
* Royalties and rents you receive; and
* Proceeds from property you sold.

I did state that the unemployment compensation was income. However, you have to have disposable income. If unemployment is your only income, then it is not very likely that you would have disposable income.