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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
What else can I help you with?
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.
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 stay on a credit report?
Ten years from the date of discharge.
Can you take money out of your 401k after you file bankruptcy?
Yes, but not until your discharge. If you take money out of a 401K after you file and before discharge, the money is no longer exempt and could be taken by the Trustee. If you take it out after your discharge the money is yours.
When filing ch 7 bankruptcy how long does it take to file?
It takes most folks about a month to file and a total of about five months from intake to discharge. Of course, much depends on how responsive you are to your bankruptcy attorney's requests for documents and other information.
How long after your bankruptcy discharge will it take to get a 1099-C from a creditor our discharge was Dec 12 08?
You should not get a 1099C if the deficiency was discharged in a bankruptcy. Otherwise, you should have gotten one by now.
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.
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 after discharge can you file an amendment for a lien left out of bankruptcy by accident?
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How long does a bankruptcy stay on a credit report?
Ten years from the date of discharge.
Can you take money out of your 401k after you file bankruptcy?
Yes, but not until your discharge. If you take money out of a 401K after you file and before discharge, the money is no longer exempt and could be taken by the Trustee. If you take it out after your discharge the money is yours.
How long after bk7 is discharged?
After a Chapter 7 bankruptcy (BK7) is discharged, the process can take several months to finalize, but the discharge itself typically occurs about 3 to 6 months after filing. Once discharged, the debtor is no longer legally obligated to pay most of their debts included in the bankruptcy. However, it may take longer for the bankruptcy to be reflected on credit reports. The discharge also marks the end of the bankruptcy process, allowing individuals to begin rebuilding their credit.
What can happen if you don't notify the trustee of inherited money after bankruptcy?
Nothing, or your bankruptcy discharge can be reversed, or you can be fined or sent to prison. It depends on how much you inherit and how long after the bankruptcy you inherited it.
Where can you get your bankruptcy discharge paper?
In most cases it will be sent to you by the bankruptcy court. If you need another copy or have not received your discharge papers when you believe you should have then contact the bankruptcy court to obtain them.
How long to repossess a jet ski after bankruptcy discharge?
The time it takes to repossess a jet ski after bankruptcy discharge can vary based on several factors, including state laws and the lender's policies. Generally, if the jet ski was included in the bankruptcy and the debtor received a discharge, the lender may have to wait for a specific period before they can take action. If the debtor is still making payments and has not defaulted, repossession may not occur at all. It's advisable to consult with a bankruptcy attorney for specific guidance related to individual circumstances.
When filing ch 7 bankruptcy how long does it take to file?
It takes most folks about a month to file and a total of about five months from intake to discharge. Of course, much depends on how responsive you are to your bankruptcy attorney's requests for documents and other information.
How long does it take to receive yourbankrupcity discharge papers?
The time it takes to receive bankruptcy discharge papers can vary, but it typically ranges from a few weeks to a few months after the bankruptcy case is filed. Once the court has reviewed and approved the discharge, the papers are usually mailed to the debtor. Factors such as court backlog, the complexity of the case, and whether any objections are raised can affect the timeline. It's advisable to check with your attorney or the bankruptcy court for specific updates on your case.
