When tough economic times grip a nation with the persistence we’ve seen in the past few years, more people than ever find themselves turning to bankruptcy for relief from overwhelming debt. And, if you're among the financially distressed wondering when you might be eligible to file bankruptcy, you are not alone.
Bankruptcy laws put strict restrictions on repeat bankruptcy filings, especially the amount of time until you can file again. If you have a bankruptcy in your past and are in need of bankruptcy protection once again, your options may be limited.
To speak with a bankruptcy lawyer about multiple bankruptcy filings, fill out this form:
The good news is that bankruptcy laws do not put a limit on the number of times a person can file bankruptcy. Just because you've filed once, you may still be able to file again if you truly need to.
However, in most cases, a certain amount of time must pass between filings. The answer to the question of when you can file bankruptcy again depends on what type of bankruptcy you filed in your last case.
Here's an outline of some of the federal restrictions on multiple filings:
If you have decided to file for bankruptcy protection again and aren’t yet sure what type of bankruptcy protection might best suit your finances, here’s a look at the two types of personal bankruptcy available: