answersLogoWhite

0

How long does a bankruptcy last?

Updated: 9/18/2023
User Avatar

Wiki User

9y ago

Best Answer

A chapter 7 takes 6 months, but your first (and usually only) meeting where you are examined under oath by the trustee will be about a month after filing, and, if there are no objections, your discharge will be issued about 2 months after that, and the case closed after 6 months.

A chapter 13 can take up to 60 months to complete the plan, and the discharge has to be requested after the plan's completion and certification by the trustee.

The filing of bankruptcy can remain on your credit report for 10 years - from the date of filing.
7 years

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How long does a bankruptcy last?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How long does Equifax keep a bankruptcy on file?

Generally ten years from the time of the last (closing) activity of the said bankruptcy.


How long does bankruptcy last?

About 7 to 10 years. It will also stay on your credit rating for that long, too.


How long do you have to wait to file bankruptcy after last bankruptcy?

You have to wait eight years after filing for Chapter 7 and 4 after filing for Chapter 13.


How long can chapter 7 bankruptcy last on your credit report?

10 years by federal law.


In Kentucky How long after bankruptcy can you file chapter 7 and can you file chapter 13 after chapter 7?

You can file bankruptcy again 7 years after the last time you filed.


How much does a bankruptcy lawyer make?

I've been practicing law for 30 years, predominately bankruptcy for the past 15. Last year I netted $400K, mostly from consumer bankruptcy filings. As long as banks and mortgage servicers remain stupid as dirt the future is bright!


How long bankruptcy after discharged records stays?

1st bankruptcy = 7 years 2nd bankruptcy = 20 years 3rd bankruptcy = life


Where can you find out the year you last filed bankruptcy?

at barclyas


What is considered to be the last resort of credit solution?

Bankruptcy


What is considered the credit solution of last resort?

Bankruptcy


Which of these is considered to be the credit solution of last resort?

bankruptcy


Does wage garnishment stop the day you file Bankruptcy?

It should, but only for as long as the bankruptcy is active, and only so long as the debt is listed after the bankruptcy is discharged. More accurately, the garnishment must stop when the plantiff in the judgment has received notice that there is a bankruptcy.