Answers.com > Wiki Answers > Categories > Business & Finance > Personal Finance > Debt and Bankruptcy > How long must you wait to file Chapter 7 again?

How long must you wait to file Chapter 7 again?

Answer:

Answer

I heard a lawyer on Talk Radio say that chapter 7 bankruptcy can be filed again after a 6 year waiting period.

Answer

It used to be that you could file chapter 7 once every 6 years. However, come October 17, 2005, the new law takes effect, and debtors can only file once every 8 years.

Hope this helps, Your friendly Bankruptcy Attorney =-)


Ans



As of October 17, 2005, the new time limit for filing a Chapter 7 is now eight (8) years from the discharge date of a previous "7" filing. The time limit for a Chapter 13 is four (4) years from the discharge date of a previous "7" and two(2) years from the discharge date of a previous "13".
First answer by IamLostRU. Last edit by IamLostRU. Contributor trust: 1567 [recommend contributor recommended]. Question popularity: 165 [recommend question].

Can you answer these Debt and Bankruptcy questions?

When a government runs a budget deficit what must it eventually to do in order to pay back its debt? Answer it!
What are acceptable computer programs for recording keeping? Answer it!
How long do you have after a house is sold at a foreclosure auction in Arizona? Answer it!
What is one of the major problems caused by a large national debt? Answer it!
What is a fixed income or debt investment? Answer it!

Relevant answers:

Home

Answer these

Who were considered enemies of the Khmer Rouge?
In: Cambodia
Answer it!
What is the difference in the shape of an elk antler and a caribou's antler?
In: Deer Elk and Caribou
Answer it!
What is it that varies at right angles to the direction of the motion?
In: Geometry
Answer it!
Who implicated president Nixon?
In: Richard Nixon
Answer it!
» more

Recent questions

Featured guides

» More