Frequently Asked Questions

How Often Can I file for Bankruptcy?

Chapter 7 can be filed every eight years from an earlier Chapter 7 filing or six years from a prior Chapter 13 filing. Chapter 13 can be filed two years from another earlier Chapter 13 filing or four years from a previous Chapter 7 filing.


Does a Divorce Protect Me from Joint Creditors with My Ex-Spouse?

No, it does not. If you and your ex-spouse are co-signors on a debt acquired while married, the creditor can come after you for the entire payment of that debt from you, even when the divorce decree assigns the full debt to your ex-spouse.


How Long Will a Bankruptcy Remain on My Credit Report?

In Michigan, a Chapter 7 bankruptcy can remain on your credit report for up to 10 years from the date the bankruptcy was discharged. A Chapter 13 filing remains on your credit report for seven years from the date of discharge. However, you can usually recover within a couple of years. This depends on what debt you continue to pay, and the establishment of credit. Further, bankruptcy may actually improve your credit by reducing the debt-to-income ratio.