2006-10-11 13:13:44 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Eight years thanks to the 2005 Bankruptcy Reform Act. If you file now and receive discharge in 2007 - you cannot file again until 2014 or 2015.
2006-10-11 13:43:13 · answer #1 · answered by Anonymous · 0⤊ 0⤋
A person can file Chapter 7 again if it has been more than 8 years since he or she was discharged from the previous Chapter 7 bankruptcy.
2006-10-15 04:11:33 · answer #2 · answered by clan_o_sneed 1 · 0⤊ 0⤋
Chapter 7 bankruptcy is a liquidation proceeding. The debtor turns over all non exempt nonexempt property to the bankruptcy trustee, who then converts it to cash for distribution to the creditors. The debtor receives a discharge of all discharageable debts. It used to be that you could file chapter 7 once every 6 years. However, October 17, 2005, the new law was effected and debtors can only file once every 8 years.
2006-10-11 15:21:48 · answer #3 · answered by JFAD 5 · 0⤊ 0⤋
I waited 7 years but the laws have since changed.
2006-10-11 13:18:09 · answer #4 · answered by Lynda M ♥ 3 · 0⤊ 0⤋
I didn't think you could file again..or maybe they didn't change that.
2006-10-11 13:16:07 · answer #5 · answered by Anonymous · 0⤊ 0⤋
why not try being responsible and paying your bills dude
2006-10-11 13:18:09 · answer #6 · answered by Anonymous · 0⤊ 2⤋