Bankruptcy Time Limits Illinois

Summary

For bankruptcy in Illinois, there are no traditional statutes of limitations, but there are time limits between successive filings: 8 years for Chapter 7 and 2 years for Chapter 13. Unclaimed funds from bankruptcy are held indefinitely by the Bankruptcy Court until claimed by the rightful owner. Consult a local attorney for more detailed information.

Full Conversation

Are there any statutes of limitations for bankruptcy in the state of Illinois?
Hello ****, for bankruptcy, there isn't a traditional "statute of limitations", but there are time limits between successive filings. For chapter * bankruptcy, you can file again after 8 years. For chapter * bankruptcy, it's 2 years. These periods start from the filing dates of the previous cases.
Are there any statutes of limitations for bankruptcy Unclaimed Funds in the state of Illinois?
Hello ****, in Indiana, unclaimed funds resulting from bankruptcy are generally held by the Bankruptcy Court indefinitely until claimed by the rightful owner. Please consult a local attorney for more detailed information.