answersLogoWhite

0

No, you cannot file for Chapter 7 bankruptcy before the 8-year waiting period has passed.

User Avatar

AnswerBot

4mo ago

What else can I help you with?

Continue Learning about Finance

Can you file a chapter 7 bankruptcy and a chapter 13 bankruptcy?

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.


How long do you have to wait to file bankruptcy again in Georgia?

If it is a Chapter 7 Bankruptcy, you have to wait 8 years before you can file it again.


Can you lease a car in chapter 13 bankruptcy without getting permission from the trustee?

You will need permission from the trustee before doing anything financial while in chapter 13 bankruptcy. You will have already signed paperwork agreeing to full disclosure with your trustee when you filed.


Can you do a loan modification if you are in chapter 13?

A Chapter 13 bankruptcy puts the entire debt collection process on hold to give the filers time to work out a court-approved repayment plan for a portion of their debts. Thus, because the process is on hold, a loan modification can not be enacted while a mortgage is currently under the supervision of the Chapter 13 trustee. However, it is possible to negotiate a modification of a loan with the mortgage lender during the bankruptcy. But it will be necessary to have the bankruptcy case voluntarily dismissed before the modification can be finalized and put into effect. Banks may not be willing to negotiate with the borrowers under the circumstances of a Chapter 13, though.


If bankruptcy has been dismissed can you file again?

If bankruptcy has been dismissed it is possible to file again. The trustee will require an explanation of why the first case was dismissed before accepting a new bankruptcy case.

Related Questions

How long chapter 7 BK do you have to wait to refi?

After filing for Chapter 7 bankruptcy, there is a required waiting period before you can refinance again. Both Freddie Mac and Fannie Mae, require a waiting period of 4 years after the dismissal date.


Can you change a joint bank account with a parent before chapter 7 bankruptcy in ny state?

Yes you can change a joint bank account before a Chapter 7 bankruptcy. You should have your finances in order before you file a bankruptcy.


Does income count AFTER you file chapter 7?

A person's income does not count after filing chapter 7 bankruptcy. All that counts is what you had before filing bankruptcy.


When did the time limit for a chapter 7 bankruptcy change from 8 years to 10 years and is a bankruptcy petitioner protected by a grandfather clause if they filed before the change?

The length of time a discharged 7 or 13 bankruptcy can remain on a credit report has always been 10 years. A dismissed chapter 13 remains for 7 years a dismissed chapter 7 remains for 10 years. Therefore, no type of clause applies because the requirement has never changed. Bankruptcy laws and credit reporting laws are two entirely different issues.


Can you file a chapter 7 bankruptcy before your divorce is finalized ca?

Yes.


Can you file a chapter 7 bankruptcy and a chapter 13 bankruptcy?

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.


How long after you have a chapter 13 bankruptcy dismissed do you have to wait before refiling?

It is 180 days before you can refile


How long do you have to wait to file bankruptcy again in Georgia?

If it is a Chapter 7 Bankruptcy, you have to wait 8 years before you can file it again.


If You Filed chapter 7 in 2002 can i refile?

Under the new Bankruptcy laws you must now wait 8 years before filing another Chapter & or Total Bankruptcy as it is better know. You may be eligible to file if eligible a Chapter 13 to structure repayment to those creditors.


Would our judgment awarded by courts prior to defendants chapter 13 bankruptcy take precedent to the assets before the assets are taken in the bankruptcy?

No.


Can you declare bankruptcy now that your first bankruptcy is discharged?

It depends on the chapter you filed under. If you filed under Chapter 7, you have to wait 8 years before filing again. If you filed under Chapter 13, you only have to wait four years.


What happens to an incomplete bankruptcy filing if the filer dies before its completion?

The filer has to be in person for the 341 meeting so the bankruptcy would be dismissed. A bankruptcy may still be discharged if they are just waiting on the judge to discharge the bankruptcy.