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What is the law for the time limit given for discharge on chapter 7 bankruptcy?
Wiki User
∙ 14y ago
What is the law for the time limit given for discharge on chapter 7 bankruptcy?
Wiki User
∙ 14y ago
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Is there a time limit to reopen a chapter 7 bankruptcy?
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.
How many years in between filing chapter 7 bankruptcy can i file again?
THIS QUESTION HAS BEEN ASKED AND ANSWERED MANY, MANY TIMES.IT IS PART OF THE DATABASE HERE.Under the bankruptcy laws effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago.The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more than four years ago; or (2) the debtor received a discharge under Chapter 13 more than two years ago.AnswerAs of October 17, 2005, the new time limit for filing a Chapter 7 is now eight (8) years from the discharge date of a previous "7" filing. The time limit for a Chapter 13 is four (4) years from the discharge date of a previous "7" and two(2) years from the discharge date of a previous "13".
How many times can you file Chapter 7 bankruptcy and can you claim taxes?
No limit
How often can you file for bankruptcy?
Currently, basically as many times as you can stay within these guidelines: Under the bankruptcy laws effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more than four years ago; or (2) the debtor received a discharge under Chapter 13 more than two years ago.
Can I remove bankruptcies from my credit report?
Not really. Chapter 13 bankruptcy stays on the credit report for seven (7) years (can be ten, but usually seven) and Chapter 7 bankruptcy stays on the credit report for ten (10) years. Once the term is over, you may dispute the bankruptcy with the credit bureau, however, there are no ways to remove the bankruptcy until the term is complete.
How many years between bankruptcy filings?
10 years. Under the bankruptcy laws effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more than four years ago; or (2) the debtor received a discharge under Chapter 13 more than two years ago.
I filed a chapter 7 in 2004 can you file a chapter 13 now. Im in Ohio?
= Ans == Bankruptcy is ALWAYS in a Federal Court and under Federal Laws. (Yes, some Federal Districts use the prevailing rules regarding some things in their area...like what may be personal property compared to real property, but the overall rules are universal). YOUR STATE GENERALLY MAKES NO DIFFERENCE. Bankruptcy laws were reformed in 2005 making the time limit between 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.
Can you file bankruptcy twice in Michigan?
Bankruptcy is a Federal court and legal action. Your State makes little difference (albeit some federal district courts use the laws common to the States in their jurisdiction for some things in their rulings). * Bankruptcy laws were reformed in 2005 making the time limit between 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.
When will a final discharge be issued in a chapter 7 bankruptcy?
Normal time limit would be sixty to ninety days. It is quite possible that said time frame will become much longer due to the large volume of bankruptcies that were filed in an effort to beat the new bankruptcy law deadline of Oct. 17. 2005.
Can a chapter 13 bankruptcy that has been dismissed be discharged?
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.
How long after bankruptcy can you file chapter 7 and can you file chapter 13 after chapter 7?
You have to wait 2 years, in Tennessee anyway, between filings. = Ans == Bankruptcy is ALWAYS in a Federal Court and under Federal Laws. (Yes, some Federal Districts use the prevailing rules regarding some things in their area...like what may be personal property compared to real property, but the overall rules are universal). YOUR STATE GENERALLY MAKES NO DIFFERENCE. Bankruptcy laws were reformed in 2005 making the time limit between 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.
Can you file a chapter 13 within 1 year of a chapter 7?
Yes, at the present time, a Chapter 13 has no filing time limits.As of October 17, 2005, the new time limit for filing a Chapter 7 is now eight (8) years from the discharge date of a previous "7" filing. The time limit for a Chapter 13 is four (4) years from the discharge date of a previous "7" and two(2) years from the discharge date of a previous "13".
