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LegalCornerTM - Bankruptcy Basic Facts F.A.Q.'s

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Q.How often can you file Bankruptcy?

A.The answer depends on the type of bankruptcy previously filed and to be filed. Individuals can file a Chapter 7 bankruptcy 8 years after they have filed for a prior Chapter 7 bankruptcy. Individuals can file a Chapter 13 bankruptcy 6 years after they filed a prior Chapter 13 bankruptcy.

However, individuals may file a Chapter 13 bankruptcy 4 years after filing a previous Chapter 7 bankruptcy, or 2 years from a prior Chapter 13 filing.

Filing bankruptcy can adversely affect your ability to obtain future credit, rent housing and even negatively impact a job application, so any decision to file for bankruptcy should be carefully considered.

Copyright 1999-2018 Melissa C. Marsh. All Rights Reserved. All Information on this website is subject to a Disclaimer and Use Agreement. This information is provided as general information only and should not be construed as legal advice. We advise you to seek the advice of competent legal counsel to address your own specific questions, facts and circumstances.