Is there a deadline for filing for bankruptcy?

Yes, there is a deadline for filing for bankruptcy in Kansas. Generally, an individual has to file for bankruptcy within six years from the date of the first debt or other obligation owing to a creditor. However, if the debt or other obligation was fraudulently concealed by the debtor, then the six-year period begins to run from the date of discovery of the fraud. In addition to the general six-year rule, other deadlines may apply depending on the type of bankruptcy. For instance, debtors who wish to file a Chapter 13 bankruptcy must do so within four years of the date when the last preceding bankruptcy case was discharged under Chapter 13. Similarly, those who wish to file a Chapter 7 bankruptcy must do so within eight years of the date of the last preceding bankruptcy case filed under Chapter 7, 11, 12, or 13. Therefore, it is important for debtors in Kansas to be aware of the applicable deadlines before filing for bankruptcy. In addition, debtors should also consider consulting an experienced bankruptcy attorney to ensure they are filing within the applicable period and that their case will be accepted by the court.

Related FAQs

How often can I receive a bankruptcy discharge?
What is the difference between secured and unsecured creditors?
What is the difference between secured and unsecured debt?
Are there any limits to my spending during the bankruptcy process?
Can I file for bankruptcy if I'm unemployed?
How do I convert my bankruptcy case from a Chapter 7 to a Chapter 13?
Can I still obtain a loan after filing for bankruptcy?
How do I obtain a copy of my credit report after filing for bankruptcy?
How does filing for bankruptcy affect my retirement benefits?
Will I lose my property if I file for bankruptcy?

Is there a deadline for filing for bankruptcy?

Related FAQs

Related Blog Posts