answersLogoWhite

0


Best Answer

A bankrupt is automically discharge from bankrupcy after three years from the date on which the bankrupt filed her or his settlement of affairs.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the normal time before the discharge from bankruptcy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

How long does it take to get a discharge on bankruptcy?

It depends on which bankruptcy you file for. If you file for Chapter 7 Bankruptcy, which includes a liquidation of any assets and paying off your debt once and for all, you'd be looking at a discharge within about 3 months. With Chapter 13 Bankruptcy your attorney would set up a payment plan for you to pay off your debts over a specified amount of time. Normally the payments are scheduled to be completed by the debtor in 3 to 5 years. So the discharge time will vary depending on what is agreed upon in the court. All the required payments must be made before the discharge can occur. I've written about these 2 types of bankruptcy in my blog, where I consider how these processes can affect your tax debt. http://taxreliefsolutions.blogspot.com/2009/06/are-you-considering-bankruptcy-as.html


How long does it take after a bankruptcy is discharged to show on your credit report?

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.


How long does a bankruptcy take to discharge in Idaho?

The time-frame for a Chapter 7 bankruptcy case in Idaho is the same as all other states. The discharge should arrive between three and four months after filing. This assumes that no creditor nor the Trustee has filed an objection to such discharge.


Should I move out of my home before the discharge of your bankruptcy is complete?

What has MY bankruptcy got to do with you moving out of your house? Obviously, if the mortgagee is not telling you to leave, and you get to stay rent-free, stay as long as you can, but get as much moved or ready to move as you can. You may not be given much time.


How long do you have to wait in order file file chapter 7 bankruptcy again?

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.

Related questions

What is the law for the time limit given for discharge on chapter 7 bankruptcy?

What is the law for the time limit given for discharge on chapter 7 bankruptcy?


What is normal timing of discharge?

I dont the exact time but usually about a week before your period and youll get it throughout the week to


How long does it take to get a discharge on bankruptcy?

It depends on which bankruptcy you file for. If you file for Chapter 7 Bankruptcy, which includes a liquidation of any assets and paying off your debt once and for all, you'd be looking at a discharge within about 3 months. With Chapter 13 Bankruptcy your attorney would set up a payment plan for you to pay off your debts over a specified amount of time. Normally the payments are scheduled to be completed by the debtor in 3 to 5 years. So the discharge time will vary depending on what is agreed upon in the court. All the required payments must be made before the discharge can occur. I've written about these 2 types of bankruptcy in my blog, where I consider how these processes can affect your tax debt. http://taxreliefsolutions.blogspot.com/2009/06/are-you-considering-bankruptcy-as.html


How long does it take after a bankruptcy is discharged to show on your credit report?

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.


How long does a bankruptcy take to discharge in Idaho?

The time-frame for a Chapter 7 bankruptcy case in Idaho is the same as all other states. The discharge should arrive between three and four months after filing. This assumes that no creditor nor the Trustee has filed an objection to such discharge.


Should I move out of my home before the discharge of your bankruptcy is complete?

What has MY bankruptcy got to do with you moving out of your house? Obviously, if the mortgagee is not telling you to leave, and you get to stay rent-free, stay as long as you can, but get as much moved or ready to move as you can. You may not be given much time.


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.


When your bankruptcy is discharged can a claim be objected and how long after discharge?

Barring things like fraud or such...once the plan is effected by the court, it's a done deal. Their time to protest was before it was accepted.


What is the normal discharge time of a man during sex?

Average discharge time for a man lies between 3 and 7 minutes.


What does it mean if you have a white discharge all of the time?

It is normal for most females to have a discharge from puberty through and after menopause.


Can I file a chapter 13 immediately after being discharged from a chapet 7?

You can only have one bankruptcy pending at a time, so if you mean after your c. 7 is closed, yes, if you mean after you get your discharge but before your case is closed, no.


How long do you have to wait in order file file chapter 7 bankruptcy again?

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.