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
About 7 to 10 years. It will also stay on your credit rating for that long, too.
You have to wait eight years after filing for Chapter 7 and 4 after filing for Chapter 13.
10 years by federal law.
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!
at barclyas
Generally ten years from the time of the last (closing) activity of the said bankruptcy.
About 7 to 10 years. It will also stay on your credit rating for that long, too.
You have to wait eight years after filing for Chapter 7 and 4 after filing for Chapter 13.
10 years by federal law.
You can file bankruptcy again 7 years after the last time you filed.
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!
1st bankruptcy = 7 years 2nd bankruptcy = 20 years 3rd bankruptcy = life
at barclyas
Bankruptcy
Bankruptcy
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.