Can I File for Bankruptcy More than Once?

Filing for bankruptcy and achieving debt forgiveness doesn’t necessarily mean you will never face times of financial hardship again. In many cases, debtors find themselves facing difficult financial circumstances again and may need to file for bankruptcy a second time in order to get out of debt. Fortunately, there are no restrictions on the amount of times one can file for bankruptcy; however, there is a restriction on the amount of time one must wait between bankruptcy filings.

The time restrictions between bankruptcy filings vary depending on what chapter of bankruptcy you previously filed for and what chapter you wish to file for. To learn more about whether or not you can legally file for bankruptcy again, contact a Cedar Rapids bankruptcy lawyer of Hong Law, PLC, today at (319) 294-5853 and get the advice you need.

Bankruptcy Time Restrictions

As long as you wait the appropriate amount of time between filings, an individual can potentially file for bankruptcy as many times as he or she needs. The time restrictions between bankruptcy filings are:

• Two years between consecutive Chapter 13 filings
• Four years between a Chapter 7 and Chapter 13 filing
• Six years between a Chapter 13 and a Chapter 7 filing
• Eight years between consecutive Chapter 7 bankruptcy filings

If you have any questions about the above time restrictions and how they affect you, make sure you speak with an experienced bankruptcy attorney today.

Contact Us

For more information about filing for bankruptcy a second or even third time, contact a Cedar Rapids bankruptcy attorney of Hong Law, PLC, today at (319) 294-5853 and schedule a free consultation.