When national media covers changes to Chapter 13 bankruptcy, Walker & Walker is proud to be part of the discussion. Recently, Bloomberg Law quoted bankruptcy attorney Andrew Walker in their coverage of proposed updates to Chapter 13 debt limits, highlighting how these rules affect families across the country.
What Are Chapter 13 Debt Limits?
Chapter 13 bankruptcy allows people to reorganize debts and create a repayment plan while keeping their property, like a home or car. But not everyone qualifies — federal law sets strict debt limits. If debts are higher than the cap, families are often forced into other bankruptcy options that may not fit their needs.
This is why the national discussion about raising Chapter 13 debt limits is so important. For many people, especially in high-cost housing markets, the current limits are simply too low.
Why Bloomberg Quoted Andrew Walker
Bloomberg Law turned to Andrew Walker, managing partner at Walker & Walker, for his insight because our firm handles hundreds of Chapter 13 cases in Minnesota every year. We see firsthand how debt limits affect real people — homeowners, parents, and retirees who want a fair way to get back on track.
Andrew explained that in cities with high housing costs, it’s common for mortgage balances to push families over the current limit, locking them out of Chapter 13 even though the program is designed to help exactly those households. His perspective brought attention to how these laws affect everyday people, not just numbers on a page.
Why This Recognition Matters
Being quoted in Bloomberg is more than just recognition — it shows that Walker & Walker is a trusted voice in bankruptcy reform and debt relief. Our attorneys are not only helping Minnesotans file for bankruptcy, but also shaping the conversation about how bankruptcy laws should evolve to meet people’s real needs.
Helping Minnesotans Use Chapter 13 to Get a Fresh Start
At Walker & Walker, our mission has always been clear: make bankruptcy work for people, not against them. Whether debt limits change or not, we’re here to guide you through every step of the bankruptcy process.
Read the full Bloomberg Law article here: Senators to Weigh Raising Chapter 13 Debt Limits for Consumers
If you’re wondering whether Chapter 13 or Chapter 7 bankruptcy is right for you, we invite you to schedule a free consultation. Our team will help you understand your options and take the first step toward a fresh financial start.
