Legal Question in Bankruptcy in California
After 7 years then what?
I would like to know what am I suppose to do after the 7 years is up for my bankruptcy. I filed Chapter 7.
Asked on 2/22/02, 7:30 pm
3 Answers from Attorneys
Mark Markus
Law Office of Mark J. Markus
Re: After 7 years then what?
I'm not sure what 7 year period you are referring to.
Answered on 2/22/02, 7:35 pm
Robert Miller
Robert L. Miller & Associates, A Law Corporation
Re: After 7 years then what?
After 7 years... NOTHING.
The law states you can only file Chapter 7 bankruptcy once every seven years (actually six years plus one day). So you are eligible to file again, if you need to.
Credit information for bankruptcies is on your credit report for 10 years, not 7. Most negative information is on your report for 7 years -- bankruptcy is an exception.
So aside from those two issues, there is nothing you "need to" do.
Answered on 2/22/02, 7:44 pm
Victor Hobbs
Victor E. Hobbs
Re: After 7 years then what?
I vote with Robert.
Answered on 2/23/02, 2:14 am
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