It’s been 4 years since filing chapter 7 bankrupcy. Can I file again? This is a last resort and have no other choice thanks to my exhusband and his new girlfriend!

Eight years.

http://en.wikipedia.org/wiki/Bankruptcy_Abuse_Prevention_and_Consumer_Protection_Act
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Waiting period between filings:

Another change that resulted from the BAPCPA was an extension of the time between multiple bankruptcy filings. 11 U.S.C. § 727(a)(8) was amended to provide that the debtor would be denied a discharge if a debtor had received a discharge in a prior Chapter 7 case filed within eight (8) years of the filing of the present case. Prior to BAPCPA, the rule was six (6) years between chapter 7 filings. BAPCPA did not change the rule for the waiting period if the debtor filed a chapter 13 previously.

I rent & just paid this months rent on the 6th., I found out toay that the landlord filled bankrupcy & lost the mobile home that I rent back to the owners they were buying it from. What should I do next.

Quickly contact the original owner of the mobile home. They are looking for someone to pay the note on the mobile home. If you buy it they will not have to pay to have it moved, cleaned or advertised. They save and start receiving the money the other guy was suppose to send them.

I believe you will find the payments on the mobile home was hefty vs your rental. You should have enough money left over to rent the same location without having to move. The new owners of the grounds will need tenants. If a bank owns it, take a walk around the complex and ask "HOW WOULD YOU LIKE TO OWN A TRAILER PARK". As a group you could assume the defaulted property mortgage & deed. The bank wants the monthly payments, you need a place to house your trailer. Again I feel you will save money. If you do well, you can buy your own home and rent the trailer park for additional income.

PS: There may be more than one person that face this problem with the bankrupt trailer owner, ask you may work as a group to the financial benifit of all.

It has been a year since my friend filed for bankrupcy and she is wanting to look into how to buy a house. Please help?

Basically she can’t. Possibly with 20% down, and a good income to debt ratio, other than that no chance, not in todays market and you have to be out of bankruptcy for at least 2 years to even be considered. Bankruptcy stays on your credit report for 10 years

Is it possible to clean your records after you have filed for bankrupcy? How? and How long?

the short of the new bankruptcy laws are that there is a means test for filing a chapter 7 bankrupcty (where you don’t pay any debts back) If you make above the median income in your state you will be forced to file chapter 13, which makes the debtor pay back a percentage of his debts according to his income. There is also a requirment for pre-filing debt counseling (you need to get a certificate), and a few other things.
Bankruptcy stays on your record for 7 or 10 years ( i forget which) but you can be back in the credit mainstream pretty quickly after your bankruptcy. You will receive credit offers almost immediately because lenders know that if you run up all that debt again you can’t declare bankruptcy again for years. So they will be happy to loan you money, though at a higher interest rate. I don’t know what you mean about cleaning your record. All debts that can be erased will be removed from your record and it will be clean as far as that goes, except for the bk filing, which will be gone after 7 years (I think 7 years)

we are losing our home and we where told if we filed bankrupcy we would beable to keep our home and we where wondering if that was true.

Filing bankruptcy delays foreclosure. If you adhere to the payment plan set by the bankruptcy court, you will probably never lose your home. The bankruptcy will remain on your credit for seven years, so make sure you plan to remain in that home for some time. It’s best to see if you can work with the lender directly and avoid foreclosure without filing for bankruptcy. Bankruptcy should be a last resort. Good luck to you.

i need to declare bankrupcy but i dont have any money what do i do?

i dont have any money to pay the starting fee or whatever fee they charge where can i go to get help?

please just serious honest answers. please this is really important.

I found interesting information about your answer & options here. (this article: Personal Bankruptcy, the myths and facts:)
http://all-debt-consolidation-loan.blogspot.com/2007/08/personal-bankruptcy.html

Hey there, I declared bankrupcy in 2004 how long will it clear ..meaning out of your credit history ?? I heard 7 years and also 10 years ..does anyone know? THANKS
OOPS sorry I am in California

I love all these people who guess at the answers, and just can’t take a few moments to research.

Check out the Fair Credit Reporting Act….it says Chapter 7’s remain for 10 years, starting on the filing date. Chapter 13’s are on for 7 years.

I’ve just received notice that the landlady has filed bankrupcy on the house were living in. How much time do we have to look for another home?

You have legal right to stay irrispective of who will own it.
Chill out and watch some tele.

When someone claims bankrupcy are they still allowed to have a bank account? are they only allowed to have a certain amount of money for the next amount of years. Is bankrupcy the end of the world.?

Hello,

It is not the end of the world! Think of it as an opportunity to start over and learn from your past.

Pre-Bankruptcy:

If your accounts are at a bank that is also a creditor, i.e., you have borrowed money from the bank, the money in your account may be subject to a claim by the bank to pay the debt you owe. Some experts opening another account at a different bank (where they owe no money) before the bankruptcy is filed. If you have an account at a bank where you have not borrowed money, bankruptcy should not affect your relationship going forward.

Post-Bankruptcy:

It is possible but difficult to open a new bank account. Research which banks will give a bank account to you. Find those banks that don’t use ChexSystems as their verification system. Local credit unions and smaller banks are your best bet.

Open a savings account first. More banks will be inclined to open this type of account because there won’t be any chance of bounced checks or overdraft issues. If you use the savings account responsibly for a few months, you can then approach the bank to ask for a checking account.

Hope this helps!

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Brad

Have have bought a few shares in GM, and dont know what to expect for future stock price, if they file for bankrupcy. If anyone know what will happen, or has an idea, comment plz.

Your shares would be worthless. No one else would buy them from you. They would have no reason to. Also, you would get no dividend because they would have no cash on the books.