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What is the law for the time limit given for discharge on chapter 7 bankruptcy?
What is the law for the time limit given for discharge on chapter 7 bankruptcy?
Can a chapter 13 bankruptcy that has been dismissed be discharged?
No, once a bankruptcy is dismissed it has to be refiled after the time limit has expired. The time limit to refile after a chapter 13 dismissal is two years.
What happening to you if the court reopen your bankruptcy case?
Motions to reopen bankruptcy cases shall be accompanied with the payment of any prescribed filing fees. Payment of the filing fee to reopen a bankruptcy case filed by the trustee due to the discovery of additional assets in the estate shall be payable at the time the motion to reopen is filed.
How long will a dismissed bankruptcy stay on your credit?
:A bankruptcy under chapter 7 or 11, or a non-discharged or dismissed chapter 13 bankruptcy generally remains on your credit file for 10 years from the date filed. A discharged chapter 13 bankruptcy generally remains on your credit file for 7 years from the date filed.
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.
If your bankruptcy was dismissed due to failure to pay installments on time can you motion to reopen the same case even if the creditors continued to charge interestlate fees past the dismissal date?
You will need to file a new Chapter 13 bankruptcy, propose a new Chapter 13 repayment palnt and demonstrated to the Court's satisfaction that you have the ability to pay the plan payments.
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.
When a chapter 7 bankruptcy is discharged you realize that you thought something was included but was not can you add it after the fact?
Yes, as along as it is within a reasonalble time. Call the attorney that did your bankruptcy. Now if it is months after the fact--be advised that this will start the "time" the date if you please, again as far as creditors are concerned. So, if you were discharged a yr ago and want to reopen to add something...your bankruptcy will now has today's date as a discharge. It would have to be something very important--high balance before I would want to reopen my case. Good Luck
Is there anything you can do if your chapter 13 was dismissed after confirmation for failure to make payments on time?
No, except wait until the required time limit for refiling has expired and file another bankruptcy petition.
I claimed chapter 13 five years ago can I claim chapter 7?
Yes. this is a common scenario as most people cannot meet the strict budgeting demands of a chapter 13 bankruptcy and switching is allowed automatically to a chapter 7 (one time limit).
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.
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.
