Difference Between Chapter 7, Chapter 13 Bankruptcies


Q: I got sued on a credit-card debt, and a judgment was entered against me. They then tried to garnish my wages, but I didn’t earn enough for anything to be garnished. I expect other creditors to sue me. I filed for bankruptcy five years ago, and know that I can’t file a Chapter 7 bankruptcy for eight years. But I heard I could file a Chapter 13 bankruptcy. Can I do that? A: Yes. You could file a Chapter 13 bankruptcy. Although there’s an eight-year wait period between filing Chapter 7 bankruptcies, there’s no wait period for filing a Chapter 13 after a Chapter 7.