Q: How come I have to Waite 8 years to file bankruptcy I got in a bind because of Covid now I need to file to get out
A:
After ten years of costly lobbying by the banks and credit card issuers, the GOP, controlling both houses of Congress, and the Presidency, passed massive revisions to the US Bankruptcy Code, and the enlarged interim between allowable discharges was but one of those.
The irony, according to many commentators, is that the credit card issuer industry had, by 2005, self-corrected, and the changes wrought in the 2005 legislation was no longer needed by them.
In any event, your 8-year predicament is now the law of the land.
Timothy Denison agrees with this answer
A: That is the statutory waiting period between filing bankruptcies.
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