When Can I File Bankruptcy Again?

Life is full of the unexpected, so it frequently happens that individuals need to file for bankruptcy relief more than once in their lifetime. There is no limit to the frequency of bankruptcy filings, but there are limits to how frequently a discharge of debts in bankruptcy is allowed.  Generally, the time frames are:

• 8 years between Chapter 7 filings
• 2 years between Chapter 13 filings
• 4 years between a Chapter 7 and a Chapter 13 filing
• 6 years between a Chapter 13 and a Chapter 7 filing (if the Chapter 13’s payment plan was less than 70%)

The time period is measured from filing date to filing date.  However, there may be circumstances where it would be beneficial to file for bankruptcy even if no discharge is available.  You should discuss your individual circumstances with a bankruptcy attorney to formulate a plan that is right for you.  Please contact our office for additional information or to schedule an appointment.