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.
For instance, if you complete the bankruptcy process under Chapter 7, you cannot file for another Chapter 7 bankruptcy for six years. The six years is counted from the date you last filed for bankruptcy. Declaring bankruptcy now can get you started sooner on rebuilding your credit.Although, you can only file under Chapter 7 once every six years, you can always get a Chapter 13 plan if there is another disaster before you are entitled to file for Chapter 7 again.You may file for a Chapter 13 plan repeatedly, although each filing appears on your credit record.lthough, you can only file under Chapter 7 once every six years, you can always get a Chapter 13 plan if there is another disaster before you are entitled to file for Chapter 7 again. You may file for a Chapter 13 plan repeatedly, although each filing appears on your credit record.