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For example, a Chapter 7 to another Chapter 7 bankruptcy typically has an 8-year wait time. Or, a Chapter 7 to a Chapter13bankruptcy may require people to wait 4 years. What is liquidationbankruptcy? Liquidationbankruptcy is another name for Chapter 7 bankruptcy.
This type of bankruptcy often eliminates creditcarddebt, medical bills, and personal loans. Once the court approves your case, if you’re eligible by means test, you get a fresh start with some assetliquidation. Chapter 7 bankruptcy remains on credit reports for 10 years.
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