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  • CA Bankruptcy

    I thought it was 7 years between chapter 7 filings, a friend said it
    had been shortened to 6. Is that right?


  • #2
    CA Bankruptcy

    [email protected] (Miz) wrote in message
    news:<[email protected]>. ..
    I thought it was 7 years between chapter 7 filings, a friend said it had been shortened to 6. Is that right?
    Seven years is how long a Ch. 7 stays on your credit report. Six is
    the period during which you cannot file another Ch. 7. You could,
    however, file a 13; indeed some people file a 7, then a 13 immediately
    after (sometimes called a "20") to discharge debts of a sort
    non-dischargeable in a 7.
    http://www.expertlaw.com/library/pub...ankruptcy.html

    Nothing major has changed recently. But if the Bankruptcy Reform bill
    is enacted, many or most people will find bankruptcy no longer
    available, or no longer useful.

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    • #3
      CA Bankruptcy

      Tam wrote:
      [email protected] (Miz) wrote
      I thought it was 7 years between chapter 7 filings, afriend said it had been shortened to 6. Is that right?
      Seven years is how long a Ch. 7 stays on your credit report. Six is the period during which you cannot file another Ch. 7.
      My recollection, too, is that one couldn't file a bankruptcy within
      seven years of a prior one. But the rule is actually six, as you say.
      See 11 USC 727(a)(9).

      While tax liens and collection accounts can stay on your credit report
      for seven years, a bankruptcy can actually remain there for ten. 15
      U.S.C. 1681c (a)(1).

      Stu

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