Alexandria, Va. — An overwhelming majority of respondents in a recent ABI Quick Poll think that the debt ceiling for chapter 13 cases should be increased substantially to $5 million. Eighty-seven percent of respondents (65 percent “strongly” and 22 percent “somewhat”) agreed with the poll question, “The debt ceiling for chapter 13 cases should be increased substantially again, perhaps to $5 million.” Ten percent thought that the debt ceiling should not be raised substantially (4 percent “disagreed strongly” with the poll question and 6 percent “disagreed somewhat”). Two percent did not know/had no opinion on the poll. Section 109(e) of the Bankruptcy Code provides the “debt limits” for chapter 13 debtors; the limits were last adjusted on April 1, 2013. A consumer that is employed or self-employed is eligible for chapter 13 bankruptcy relief as long as the their unsecured debts (amount owed on credit cards, judgments, non-liened taxes) total less than $383,175 and secured debts (mortgages secured by real estate, vehicle loans, equipment loans) total less than $1,149,525. The adjustment of these limits takes place every three years according to the consumer price index; the next adjustment will take place in 2016. ABI’s Quick Poll is posted on ABI’s home page, www.abiworld.org. ABI members and the public are invited to respond to a question on a timely bankruptcy or insolvency issue. Visit http://news.abi.org/quick-polls/archive to access the results of previous ABI Quick Polls. ### ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes over 13,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional information on ABI, visit www.abiworld.org. For additional conference information, visit http://www.abiworld.org/conferences.html.