0
There are six types of bankruptcy under the Bankruptcy Code, located at Title 11 of the United States Code: * Chapter 7: basic liquidation for individuals and businesses; * Chapter 9: municipal bankruptcy; * Chapter 11: rehabilitation or reorganization, used primarily by business debtors, but sometimes by individuals with substantial debts and assets; * Chapter 12: rehabilitation for family farmers and fishermen; * Chapter 13: rehabilitation with a payment plan for individuals with a regular source of income; * Chapter 15: ancillary and other international cases. The most common types of personal bankruptcy for individuals are Chapter 7 and Chapter 13. As much as 65% of all U.S. consumer bankruptcy filings are Chapter 7 cases. Corporations and other business forms file under Chapters 7 or 11. Source: http://en.wikipedia.org/wiki/Bankruptcy#Chapters
What else can I help you with?
How often can I file for Chapter 7 bankruptcy?
You can file for Chapter 7 bankruptcy once every 8 years.
How often can you declare Chapter 7 bankruptcy?
You can declare Chapter 7 bankruptcy once every 8 years.
How often can you file for Chapter 7 bankruptcy?
You can file for Chapter 7 bankruptcy once every 8 years.
What information can you provide about Chapter 8 bankruptcy in terms of eligibility, process, and potential outcomes?
Chapter 8 bankruptcy does not exist in the United States bankruptcy code. It seems there may have been a misunderstanding or confusion with the chapter numbers. The most common types of bankruptcy in the U.S. are Chapter 7, Chapter 11, and Chapter 13. Each chapter has specific eligibility requirements, processes, and potential outcomes. It is recommended to consult with a bankruptcy attorney for accurate information on the different types of bankruptcy available.
What are the key differences between Chapter 7 and Chapter 13 bankruptcies, particularly in relation to Chapter 8 bankruptcies?
Chapter 7 bankruptcy involves liquidating assets to pay off debts, while Chapter 13 bankruptcy involves creating a repayment plan to pay off debts over time. Chapter 8 bankruptcy does not exist in the U.S. bankruptcy code.
What are the key provisions and implications of filing for Chapter 8 bankruptcy?
Chapter 8 bankruptcy does not exist in the U.S. Bankruptcy Code. It seems there may have been a typo in your question. If you meant Chapter 7 bankruptcy, it involves liquidating assets to pay off debts. If you meant Chapter 13 bankruptcy, it involves creating a repayment plan. It's important to consult with a bankruptcy attorney to understand the specific provisions and implications of filing for bankruptcy.
When can you file a chapter 7 bankruptcy if you had a chapter 7 discharged in December 2001?
The bankruptcy petitioner can file another chapter 7 8 years after the date of filing of a previous chapter 7.
Is it possible for me to file for Chapter 7 bankruptcy before the 8-year waiting period has passed?
No, you cannot file for Chapter 7 bankruptcy before the 8-year waiting period has passed.
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 file chapter 7 bankruptcy now after filing in July 2004?
A person can file chapter 7 after 8 years from a previous chapter 7. So the answer is 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.
If you filed chapter 13 bankruptcy and it was discharged can you file chapter 7 bankruptcy now?
Yes.
