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How many times or when can you file bankruptcy again in any state or place?
Wiki User
∙ 11y ago
Your question may have been redirected here: We receive many questions on this topic and have compiled the commonly needed info in this one general answer:
- It isn't a number of times..it's defined by type of BK and years in between. It is a FEDERAL law (and a special FEDERAL court system exclusively for Bankruptcy), basically under the same rules everywhere, State lines being irrelevant to FEDERAL matters.(Some districts of this court allow special definitions for things in the case, basically to conform to the customs and laws of the area they generally hear cases in).
- However, there are task forces that are looking for those people who, even within the allowed time frame, seem to file often...and they are looked at and may be denied protection if it appears they are abusing the process.
- Under the bankruptcy laws effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago.The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more than four years ago; or (2) the debtor received a discharge under Chapter 13 more than two years ago.
NOTE THE ABOVE ARE DISCHARGE DATES
Many ask how the time frames can be shortened because they are in need. BK is always done by people in severe hardship...it really isn't for anyone else and until recently, was to be a once in a lifetime break. Hardship issues will not change the time required under the law.
CORPORATIONS: Frequently file under Chapter 11 - (a reorganization) - there are virtually no restraints to how many times or length of time between filings of this type, although the Court must agree that there is a benefit and possibility of a re-organization instead of a dissolution.
While a debtor must wait the times noted above, if the prior C-7 filing did not result in a discharge, but rather a dismismal (the difference in terms is important - dismissal basically means it wasn't completed for some reason), it can be re-filed only 180 days from the prior case's dismissal. When to file bankruptcy is an intricate and delicate matter that should only be determined after discussion with an experienced bankruptcy attorney and qualified financial advisor.
Note: The above answer applies to the United States of America. Other nations use a different bankruptcy code.
Wiki User
∙ 11y ago
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After 10 years could you go back into bankruptcy?
Yes, after a bankruptcy has been discharged (a 10 year period if chapter 7 was filed), the possibility of filing bankruptcy again is open. If you live long enough, you can file several times. This gives new meaning to the phrase, "Live long and prosper."
When was the 10 year bankruptcy law signed into effect If you filed in 2000 and the law was effective in 2001 are you subject to the ten year ruling?
The new bankruptcy laws have nothing to do with the length of time a debt or bankruptcy remains on a credit report. BK info, as a matter of Federal Court records, is available almost indefinitely Virtually all credit reports from the major credit agencies will report it for 10 years from discharge, in their normal format of standard reports. As information services, a longer, or shorter time period may be requested and provided, depending on what the requester wants to pay for. (A 3 year report costs less...and provides less, but may be adequate for that person/Cos purpose). The laws for refiling Bankruptcy were changed in 2005...and that depends on types in question, and again the new law applies to all. See the Q; "How many times or when can you file bankruptcy again in any state or place"
When do you need to search out a bankruptcy lawyer?
While you're filing for bankruptcy you may want a bankruptcy lawyer, because it can be very confusing at times and they will be extremely helpful.
How many times has Lowe's Company ever filed bankruptcy?
11 times
How many times can a person file for bankruptcy It helps them to build a strong financial future and ensure they do not end up with insolvency again?
The reason for filing bankruptcy is to give a fear free future. It helps them to build a strong financial future and ensure they do not end up with insolvency again. Sometimes we become victim of circumstances. Despite building a robust financial future there are chances that you may have to opt for the same code again.
How many times has Washington state's constitution been amended?
The state of Ohio's constitution has been amended approximately three times. It was amended in 1802, 1851, and again in 1912.
Which branch of government regulates bankruptcy?
Bankruptcy in the United States is governed under the United States Constitution (Article 1, Section 8, Clause 4) which authorizes Congress to enact "uniform Laws on the subject of Bankruptcies throughout the United States." Congress has exercised this authority several times since 1801, most recently by adopting the Bankruptcy Reform Act of 1978, as amended, codified in Title 11 of the United States Code and commonly referred to as the "Bankruptcy Code" ("Code"). The Code has been amended several times since, with the most significant recent changes enacted in 2005 through the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). Some law relevant to bankruptcy is found in other parts of the United States Code. While bankruptcy cases are filed in United States Bankruptcy Court (units[1] of the United States District Courts), and federal law governs procedure in bankruptcy cases, state laws are often applied when determining property rights. For example, law governing the validity of liens or rules protecting certain property from creditors (known as exemptions), may derive from state law or federal law. Because state law plays a major role in many bankruptcy cases, it is often unwise to generalize some bankruptcy issues across state lines.
Who wrote the NY Times article titled Life After Bankruptcy?
"Life After Bankruptcy" was an article in the New York Times that was written by author Vickie Elmer. It was written by her on September 13 in the year 2012.
Can your stomach fall out of place?
sure can, I had it couple times, and now I have it again, it's a torch urge, and it gives me anxiety ;(
How many times can you file Chapter 7 bankruptcy and can you claim taxes?
No limit
What times are you able to vote between and where do you vote?
Your voting times are determined by your state. Your voting place is determined by your county (or parish or independent city).
You applied for a job in a bank and they refused you for being bankrupt will you be able to apply again right after your discharge?
You can apply as many times as you like I guess. You should inquire how long they will consider your bankruptcy as a reason to not hire. It will probably be for a number of years.
