Eight Year Anniversary of Bankruptcy Abuse Prevention and Consumer Protection Act by Dennis H. Babiniec

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October 17, 2013 will be the eight year anniversary of the effective date of the Bankruptcy Abuse and Consumer Protection Act that brought many changes to the bankruptcy laws. One of those changes was extending the date that a person would be eligible for a Chapter 7 discharge of debt to eight years from the filing of a previous bankruptcy case granting a discharge of debt.  

What that means is that people have to wait at least eight years from the filing of a previous bankruptcy case before they can file a Chapter 7 case to discharge their debts that are legally dischargeable.

There is a shorter rule regarding Chapter 13 cases.  A person is eligible for a Chapter 13 case to discharge debts if it has been more than 4 years from a prior Chapter 7 case or more than two years from a prior Chapter 13 case.

If you think you would be interested in filing a Chapter 7 or Chapter 13 bankruptcy case, I would like to help.  Call 303-451-9110 for a free intial consultation.

Dennis H. Babiniec
Attorney at law
10701 Melody Dr., Ste. 350
Northglenn, CO 80234
Call: 303-451-9110 
posted: September 20, 2013 - Dennis Babiniec - Bankruptcy Lawyer - Blog
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