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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.

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5mo ago

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Related Questions

Can you refile for another bankruptcy after one has been discharged?

You can file BK 7 after 8 years from the previous BK7 7 (measured from time of filing, NOT discharge). You can file BK 13 6 years after filing BK 7. You can file a BK 13 2 years after filing a BK 13.


How do you remove a felony?

How long do I have to wait to have my rights reinstated after I've discharged from my sentence


What power rating is aiwa cx bk7 stereo?

The Aiwa CX-BK7 stereo system typically has a power output of around 35 watts per channel at 8 ohms. This model is known for its compact design and features, providing decent sound quality for home audio systems. Always refer to the specific manual or specifications for the most accurate information.


How can a second mortgage loan be discharged?

Any mortgage can be discharged by paying it off.Any mortgage can be discharged by paying it off.Any mortgage can be discharged by paying it off.Any mortgage can be discharged by paying it off.


Can men who served in the Army National Guard wear uniforms for a ceremony once they are discharged?

You may as long as: 1. You were Honorably discharged. 2. You are not using the your status or uniform to promote a political cause/candidate.


Forgot to include a creditor in a chapter 7 it is unsecured will it still be discharged?

No, but you will be protected under the stay for as long as the Ch. 7 is active (not been discharged or dismissed), and you have alotted amount of time to add creditors.


Why Are Matthew Kumalo and Johannes Pafuri discharged?

The judge delivers his verdict on Absalom's crime with a long speech


What is a good sentence with the word discharged in it?

The old gun discharged without pulling the trigger. I was discharged from the hospital.


What is the state of California law process to get discharged?

(??) DIscharged from WHAT?


On runescape how long does it take for a pair of bronze guanlets to turn into worn-out bronze gauntlets?

they get discharged ONLY on death.


How long does it take for the accounts to come off your credit report after being discharged from bankruptcy chapter seven?

Never


How do you know if your bankruptcy is discharged on your credit report?

Bankruptcy does not get discharged. Debts are discharged. The bankruptcy will remain on your credit report for 10 years from the date of filing. The debts that were discharged can remain for 7 years from the date of discharge, showing a zero balance and that they were discharged in bankruptcy.

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