Kentucky Bankruptcy Law

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I got a discharge in a Chapter 7, when can I file a Chapter 13?

I began looking a the time between Chapter 7s if one wishes to receive a discharge. The time frame is different when the subsequent case is a Chapter 13 showing the favored status of Chapter 13 bankruptcy. If the preceding bankruptcy was a Chapter 7 (or Chapter 11 or 12), then you cannot receive a discharge in a subsequent Chapter 13 if is filed four (4) years or less of when the Chapter 7 was filed. See 11 USC Sect. 1328(f)(1).

If  one gets a discharge of unsecured debt in a Chapter 7 but still has some non-dischargeable priority debt in income taxes, they may want to turn right around and file a Chapter 13 without waiting the four years because they will be paying the debt in full over the length of the plan. So, there is no need for the discharge. This is a strategy discussion to have with your attorne.

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October 18, 2012 - Posted by | Bankruptcy, Chapter 13, Chapter 7, Discharge, Planning, Pre-filing planning | , , , , , , ,

3 Comments »

  1. […] Visit link: I got a discharge in a Chapter 7, when can I file a Chapter 13 … […]

    Pingback by I got a discharge in a Chapter 7, when can I file a Chapter 13 … | Information About Bankruptcy | October 27, 2012 | Reply

  2. […] expensive tests on January 15th, 2013, those thousands in new medical bills are yours to keep (at least for four years). There is an exception in Chapter […]

    Pingback by Chapter 13: What to do with new, unexpected debts « Kentucky Bankruptcy Law | January 14, 2013 | Reply

  3. […] expensive tests on January 15th, 2013, those thousands in new medical bills are yours to keep (at least for four years). There is an exception in Chapter […]

    Pingback by Troutman & Napier, PLLC | Chapter 13: What to do with new, unexpected debts | December 8, 2014 | Reply


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