How Long Should You Wait to File Chapter 13 After Filing Chapter 7?
Other People Are Reading
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Four Years
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Legally, you should wait four years between filing a Chapter 7 bankruptcy and a Chapter 13 bankruptcy, according to the Bankruptcy Law Network.
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At Least 10 Years
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Bankruptcy can stay on your credit report as a negative mark for up to 10 years, no matter what form of bankruptcy you file. You should wait 10 years from filing a Chapter 7 to file a Chapter 13, so there are not two bankruptcy cases on your credit report.
Bottom Line
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You have to legally wait four years between a Chapter 7 and a Chapter 13 bankruptcy, but it is a better idea to wait at least 10 years to limit damage to your credit.
References
- Photo Credit US Supreme Court image by dwight9592 from Fotolia.com
