How Many Times Can You File Bankruptcy

When it comes to eliminating large portions of debt, there are few debt relief options that are more effective than the personal bankruptcy process. Each and every year thousands of people file bankruptcy to have their debts discharged, and for some people, it isn’t necessarily their first time filing. Read on to learn how many times you can file bankruptcy and what you should know before claiming bankruptcy twice.

So, how many times can you file bankruptcy? Although not commonly known, there are actually no limits on the amount of times a debtor can file a bankruptcy claim; however, there are limits on how often debts can be discharged via the bankruptcy process. In other words, you can file as many times as you like, but don’t expect any relief through Chapter 7 unless it’s been eight years between claims. According to Title 11 of the United States Bankruptcy Code, an individual may file for Chapter 7 or Chapter 13 bankruptcy as many times as they wish, though their debts will not be discharged if they have filed in the past eight years under Chapter 7 or in the past 6 years under Chapter 13.

Rather than asking how many times can you file bankruptcy, perhaps you should ask yourself why you are in the position to file another bankruptcy claim. What actions and/or decisions have resulted in your financial situation and what can you do to resolve it? One of the most effective ways to learn more about claiming bankruptcy is through a free consultation with a bankruptcy attorney. To be connected with a reputable attorney in your area, consider filling out our free bankruptcy evaluation.

Click on the following link for information about bankruptcy tests: Should I File For Bankruptcy Test.

Click on the following link for the answer to the question – “How Can I File Bankruptcy On My Own?”