Dean David A. Reingold shares progress on the strategic goals for the College of Liberal Arts.
The length of a bankruptcy case depends on many circumstances, but it mostly depends on which type of bankruptcy you file. There are two main types of personal bankruptcy: Chapter 7 and Chapter 13. Generally: 1  Chapter 7 debt discharge bankruptcy = 3-6 months. 2  Chapter 13 bankruptcy repayment plan = 3-5 years.
A common bankruptcy myth is that it takes seven (7) years after filing bankruptcy before you can get new credit. This is simply untrue. Any kind of bankruptcy can be reported on your credit for up to ten (10) years but this does not mean that you canât obtain new credit during the ten (10) year period.ow soon after filing a chapter 7 bankruptcy can you buy a new house? Our experience has been that it takes two years after your discharge in order to get a decent mortgage. You may be able to get a mortgage sooner, but your interest rate will not be as low as it would be if you wait 2 years.