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In Chapter 7 bankruptcy, you would achieve the end ultimately faster, and basically be able to restart your financial life sooner. It is the most common form of bankruptcy and debts would be discharged months after filing the bankruptcy.

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14y ago

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Related Questions

Can a lawyer provide you with bankruptcy information?

A lawyer is actually one of the best resources for information about bankruptcy. There are even bankruptcy lawyers who specialize in Chapter 7 and Chapter 13 bankruptcy law.


Can you protect a structured settlement in a chapter 7 bankruptcy?

Yes you can protect it under chapter 7 bankruptcy


Chapter 7 limits?

what are the chapter 7 limits for bankruptcy?


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.


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.


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.


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.


What is the process on how to declare bankruptcy?

First consult a lawyer for which bankruptcy chapter you qualify for and let him/her assist you with the bankruptcy procedures as bankruptcy procedures are not the same in every case. Chapter 7 and Chapter 13 bankruptcies are the most common. For more information, visit these websites: http://howtodeclarebankruptcy.net/ and filepersonalbankruptcy.org/how-to-declare-bankruptcy/.


Where can one read chapter 7 of bankruptcy law?

The web site provided by the US government is the best site to read chapter 7 bankruptcy information. This site tells you what the law is, which is the bottom line, and is an excellent place to start.


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.