No, there is currently no time limit to reopen a chapter 7 bankruptcy filing. However, it will be up to the bankruptcy court if the case is reopened.
What is the law for the time limit given for discharge on chapter 7 bankruptcy?
No, once a bankruptcy is dismissed it has to be refiled after the time limit has expired. The time limit to refile after a chapter 13 dismissal is two years.
Motions to reopen bankruptcy cases shall be accompanied with the payment of any prescribed filing fees. Payment of the filing fee to reopen a bankruptcy case filed by the trustee due to the discovery of additional assets in the estate shall be payable at the time the motion to reopen is filed.
:A bankruptcy under chapter 7 or 11, or a non-discharged or dismissed chapter 13 bankruptcy generally remains on your credit file for 10 years from the date filed. A discharged chapter 13 bankruptcy generally remains on your credit file for 7 years from the date filed.
The time limit for a discharged chapter 7 or 13 bankruptcy to remain on a credit report has always been 10 years. A dismissed chapter 7 wil remain 10 years, a dismissed chapter 13 will remain 7 years.
You will need to file a new Chapter 13 bankruptcy, propose a new Chapter 13 repayment palnt and demonstrated to the Court's satisfaction that you have the ability to pay the plan payments.
No, except wait until the required time limit for refiling has expired and file another bankruptcy petition.
Yes, as along as it is within a reasonalble time. Call the attorney that did your bankruptcy. Now if it is months after the fact--be advised that this will start the "time" the date if you please, again as far as creditors are concerned. So, if you were discharged a yr ago and want to reopen to add something...your bankruptcy will now has today's date as a discharge. It would have to be something very important--high balance before I would want to reopen my case. Good Luck
Yes. this is a common scenario as most people cannot meet the strict budgeting demands of a chapter 13 bankruptcy and switching is allowed automatically to a chapter 7 (one time limit).
You can file bankruptcy again 7 years after the last time you filed.
The amount of time a bankruptcy stays on your credit report after discharge differs between Chapter 7 and Chapter 13 Bankruptcy. With Chapter 7 bankruptcy, the Chapter 7 stays on your credit report for 10 years. Chapter 13 bankruptcy, after discharge, it shows for 7 years on your credit report.
not at the same time, and you'll have to wait a certain period of time after being dismissed/discharged from one before filing the other.