Nowadays bankruptcy usually lasts about a year. Once your bankruptcy is discharged you will be free to start re-building your debt free life. You will probably find it almost impossible to get unsecured credit for a number of years. Mortgages are more available, but the rates will be higher. It pays to shop around, because the rates on adverse credit loans can vary widely.
In the UK, i think it is 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!
In the UK, i think it is 7 years
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.
The Insolvency Service in the UK is responsible for administering and investigating bankruptcy. They can act as trustees or nominees in bankruptcy situations.
10 years by federal law.
You can file bankruptcy again 7 years after the last time you filed.
10 years
If you are in the UK, no it wont.
about 300 years
Bankruptcy in the UK is governed by Part IX of the Insolvency Act 1986 and by the Insolvency Rules 1986. In order to become bankrupt in the UK, either an individual can petition or the court will issue a bankruptcy order. To inquire additional information please seek professional advisement on declaring bankruptcy in the UK.
To be considered bankrupt, a court has to issue a bankruptcy order against you. One can apply to the court for bankruptcy if they are unable to pay their debts.