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It doesn't. In fact, you have to get the court's permission to have a plan that exceeds 36 months. A proposed plan cannot exceed 60 months. The length of a plan depends on the amount owed to creditors and the income available for the plan.

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Q: Why does it take 5 years for chapter 13 bankruptcy?
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Related questions

How long does a chapter 13 conversion to a chapter 7 stay on your credit report in Wisconsin?

A chapter 7 bankruptcy filing remains on your credit report for 10 years. Chapter 13 bankruptcy remains for seven years. Under chapter 13 bankruptcy you repay at least a portion of the debt, so it is removed a little sooner.


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.


Can a chapter 13 dissimissal be appealed?

A Chapter 13 dismissal can be appealed. The US Bankruptcy Court can be appealed to. The process may take up to two years for resolution.


Is chapter 13 bankruptcy longer than five years?

No.


In South Carolina when can a chapter 7 bankruptcy be filed after a chapter 13 has been dismissed?

Two years after the date of the chapter 13 dismissal.


How long do you have to wait to file bankruptcy after last bankruptcy?

You have to wait eight years after filing for Chapter 7 and 4 after filing for Chapter 13.


How long does a bankruptcy stay on your credit report in tx?

A Chapter 7 bankruptcy stays on your credit report for 10 years. Generally a Chapter 13 bankruptcy will be removed after 7 years, but can remain up to 10 years.


If you had bankruptcy in 2004 can you file for bankruptcy again?

Some strict limitations have been set by the new bankruptcy law. Debtors will not be able to file Chapter 7 bankruptcy if they've been through a Chapter 7 within eight years of the new filing. If they want to file for Chapter 13, they will not receive a discharge within two years of a previous Chapter 13 discharge and within four years if they were discharged from a Chapter 7, 11 or 12 bankruptcy.


In Kentucky How long after bankruptcy can you file chapter 7 and can you file chapter 13 after chapter 7?

You can file bankruptcy again 7 years after the last time you filed.


Can bankruptcy hurt you?

Whether you are filing Chapter 13 or Chapter 7 bankruptcy, your credit score will be directly impacted for 7-10 years AFTER you exit protection.


If your husband's boat was gifted to spouse for one dollar 3 years before he filed bankruptcy can the courts take it?

yes, if filing chapter 7 no, if filing chapter 13


If you filed chapter 13 bankruptcy will the trustee take your tax refund?

Yes. For 3 years. They do not take it all. You will get to keep your EIC and certain other credits that may be given that year. This is per my bankruptcy lawyer.