Filing For Bankruptcy Again? Learn How To Make It Work.

Sometimes, our clients benefit from filing bankruptcy multiple times during their lives. This is permitted under the law, but there are statutory limits on how often a single individual or household can file.

How Often Can I File For Bankruptcy?

Technically, there is no limit to how many times you can file bankruptcy. There is also no limit how often you can file. Limits apply to how often you can receive a discharge, or release from your debts. If you file too early the second time, you may be unable to receive a second bankruptcy discharge. It is important to understand those limits to avoid wasting time and money.

The specific time limits vary depending on which chapter of the Bankruptcy Code you are using.

  • Chapter 7, then Chapter 7 —– Eight years
  • Chapter 13, then Chapter 13 —Two years
  • Chapter 7, then Chapter 13 — Four years
  • Chapter 13, then Chapter 7 — Six years — There are exceptions for cases in which you paid all unsecured creditors in the Chapter 13, or if you paid at least 70 percent of the claims in the Chapter 13, and the plan was proposed in good faith and was your best effort.

These limitations may not apply if your first bankruptcy case was dismissed or denied. Every case is unique, and the best way to fully understand your options is to speak with a lawyer experienced in bankruptcy proceedings.

Start Breathing Easy Today ~ Call To Get Started

Please contact Nowack & Olson online or call us at 888-813-4737 in Florida to arrange a free initial consultation and learn more about your rights under the Bankruptcy Code. Our attorneys have offices in Fort Lauderdale, Miami, Boca Raton and Jupiter. Se habla español.