Can I File Bankruptcy Twice?
Can I file bankruptcy twice? Chances are, if you are asking yourself this question you have already been through Chapter 11 or Chapter 13 once. Below, you will find the answer.
While this article can certainly provide you with general information, there might be other laws pertaining to your specific case that are not listed here. Thus, this article is not meant to be taken as legal advice in any form. In order to find out what options are available to you, contact a qualified bankruptcy attorney. To answer the original question (can I file bankruptcy twice?), let’s begin with Chapter 7.
Under Chapter 7, you must wait eight years from the date of your first filing in order to file once again. Most of the time, even those circumstances that seem extreme will not be exempt from this law. This law was put into place in order to deter certain people from filing for bankruptcy every couple of years. Thus, you must be able to live for eight years before you can file once again. However, you might be able to file for Chapter 13 if you originally filed under Chapter 7. As you can see, this topic is rather confusing, which is why it is important to gain professional help.
Trying to face all of the ins and outs of bankruptcy on your own is a lot like facing a mountain with only a pair of bedroom slippers on your feet – in short, it really can’t be done. Although it might seem like a lot of work to contact a lawyer, this is the one thing that you really shouldn’t skip. There are so many things to think about when it comes to getting your debts in order. If you want to make sure that you know about all the possible options out there, you must speak with a lawyer today. Though the answer to the original question (can I file bankruptcy twice?) seems quite simple, it is really not that cut and dry.
Sometimes, your particular circumstance might make a difference regarding various laws. Other times, you might have other options available to you. In any case, it makes sense to explore every inch of bankruptcy before you begin to file.
Getting out of debt can be difficult, but it is possible. Can I file bankruptcy twice? Well, now you know the answer to this question – just remember, your case might be different.