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Filing chapter 7 can you file again for medical and credit cards?
Wiki User
∙ 15y ago
All debt and all assets must be included in your filing. And then you must wait at least years before filing again...and again all things must be included.
Wiki User
∙ 15y ago
Wiki User
∙ 15y agoIf you received a discharge from the previous bankruptcy, you can file a new c. 7 8 years after the first one was filed.
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If you filed Chapter 13 four years ago when can you file again?
There are no time limits for filing a Chapter 13.
How soon can you purchase a new home after filing chapter 13 bankruptcy?
You are typically off the market for about 3-4 years. At that point some mortgage companies will begin to look at your overall credit situation again, but you will have to show much credit growth and responsibility.
How soon after filing for a Chapter 7 Bankruptcy can you file another?
if your still in chapter 7 you have to get out first but you can file again check the laws in you state on chapter 7. laws has chang.
Refile chapter 7?
How soon after filing Chapter 7 Bankruptcy, can you file either Chapter 13 or Chapter 7 Banruptcy again?
How long do you have to wait in order file file chapter 7 bankruptcy again?
chapter 7 filings 8 years from the time of discharge and the time for filing a chapter 13 after a chapter 7 discharge 4 years.
Why you have to file bankruptcy?
As a general rule, you file Chapter 7 bankruptcy in a dire financial emergency, where the level of debt is overwhelming and beyond your ability to reasonably pay it off. Most Bankruptcy attorneys advise that $10,000 is the min. amount of debt that anyone should have before consider filing Chapter 7. Anything less, they say, is probably manageable There are a lot of myths and misunderstandings about filing for Chapter 7. One of them is that filing will clear your credit report and give you good credit again....it does not. You get a "fresh start" in that private debts will get discharged, so you do not have to pay them. But your credit score and rating will go down the tubes, and will take a while to recover. This means that you will have a very difficult time when applying for any loans in the future. So you should think long and hard before filing bankruptcy and only do it in cases of financial calamity or emergency. For more on the specific filing procedures and bankruptcy laws of your state, you may want to visit 4BankruptcyLaws.com
If you are at the 7th year after filing a Chapter 7 or Chapter 13 would the credit agencies automatically take it off your credit report?
er,um, Sort of... The legal action of a Chapter 7 bankruptcy can show on your credit report for 10 years from its' date of discharge. Chapter 13 can also show for 10 years, but it is customary for those to be shielded from view after 7. Once again, the time period runs from the date of discharge, not the filing date. I disagree with The Credit Lady on one point: The 10 years (or 7 years in the case of Chapter 13) begins to run from the Order for Relief. The Order for Relief is immediately granted when a debtor files bankruptcy (i.e. the debtor is immediately protected from creditors), so the 10 years (or 7 years) begins to run from the filing date, not the discharge date. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.
Can you declare bankruptcy now that your first bankruptcy is discharged?
It depends on the chapter you filed under. If you filed under Chapter 7, you have to wait 8 years before filing again. If you filed under Chapter 13, you only have to wait four years.
What is a post chapter 7 petition debt?
Any debt incurred after filing the petition for BK. Only debts (and all debts) from before filing are involved and may be discharged in the BK...anything after isn't part of it and you have no protection from collection efforts about. (Yes, its filing date, not discharge date). The idea is...AFTER filing...you have a fresh start on your credit life...and should pay for everything as agreed and live within your means, and build up your creditability (in all ways). You won't have BK available to you again for many years!
How does bankruptcy affect your credit ratings?
As with everything, bankruptcy law can be complicated and the manner by which credit ratings occur can seem mysterious at best. Filing for bankruptcy will in general lower your credit score, but with some good spending habits and good financial stewardship will again rise over time, especially since part of your credit score has to do with income to debt ratio. When you file for bankruptcy, the debts do not simply disappear as if they never existed. Your history of late or missed payments, if you have one, will remain on your credit report and will continue to drag down your credit score. Additionally, the bankruptcy will stay on your record for many years. A Chapter 7 bankruptcy will remain on your credit report for 10 years from the date of the filing
When can you file a chapter 7 bankruptcy again if you filed a chapter 7 in 2003?
For another Chapter 7... 6 years from the date of filing. The date of discharge does not matter. If you want to file a Chapter 13, you can do that immediately after the 7 discharge.
Will your credit card be canceled after chapter 7?
Once your bankruptcy has been dismissed, you can apply for and receive new credit. It is not recommended but many people do get new credit cards after filing. Usually a company included in a bankruptcy will not extend credit to you again.
