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Yes, this is actually a common thing for people to do when they cannot maintain the strict payment schedule of a chapter 13 bankruptcy. This can be done once for any reason, without court approval. However, to switch back, approval of the bankruptcy court is required, and they will rarely allow a debtor to make multiple switches. Keep in mind that these are different types of bankruptcy so some items that may not have been up for grabs to creditors with a chapter 13 are available to be sold in a chapter 7.
What else can I help you with?
How long does a dismissed chapter 13 bankruptcy stay on your credit file?
A Chapter 13, whether it is dismissed or successfully receives discharge, is on your credit report for 7 years. A chapter 7 is on your credit report for 10 years. i called equifax and a discharged chapter 13 stays on for 7 years and a dismissed chapter 13 stays on for 10 years
How can you convert from a Chapter 13 to a Chapter 7 without your spouse even though both are on a dismissed with prejudice Chapter 13?
Since its dismissed w/ prejudice - Wait 180 days and file an individual chapter 7. Your spouse does not have to file.
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.
If a chapter 13 is dismissed does it still stay on your credit report for 7 years?
Yes.
Can a chapter 13 be removed 7 years after being involuntarily dismissed?
The answer is yes -- Chapter 13s are removed after 7 years in a credit file
Can you file a chapter 7 after a chapter 13 dismissal?
Yes, you can file for Chapter 7 bankruptcy after a Chapter 13 case has been dismissed. However, there are specific conditions and waiting periods that may apply, particularly if your Chapter 13 was dismissed due to your failure to comply with the repayment plan. It's important to consult with a bankruptcy attorney to understand the implications and ensure you meet the requirements for filing Chapter 7 afterward.
What year did the law change for bankruptcy on your credit report for 10 years?
The time limit for a discharged chapter 7 or 13 bankruptcy to remain on a credit report has always been 10 years. A dismissed chapter 7 wil remain 10 years, a dismissed chapter 13 will remain 7 years.
My chapter 13 was dismissed can you file a chapter 7 when the eight year mark is up?
The 8 year rule only applies to serial c. 7 filings, not to a c. 7 filing after a c. 13. If the 13 was dismissed for cause under 109(g), you may have to wait 6 months.
How long will a dismissed chapter 13 be on your credit file?
Seven (7) years from the date of dismissal.
How long does a dismissed ch 13 stay on a credit report?
A chapter 13 Bankruptcy, dismissed, discharged, or otherwise, stays on your credit report for 7 years from the date it was filed.
How long will a dismissed bankruptcy stay on your credit report?
i am A Mortgage Broker The Bankruptsy Never Leaves The VCredit Report But if You Are Trying To Do Something With Your Credit Banks Go off The Discharge Date * 10 years for a dismissed chapter 7 and 7 years for a dismissed chapter 13.
If you filed a Chapter 13 in Oct 1997 can you file a Chapter 7 now?
Yes. A chapter 13 can also be dismissed and a chapt. 7 filed. Chap.13 has no time limitations, except as stipulated in the agreed repayment schedule., which is usually 3-5 years.
