You may wonder if you are eligible to file bankruptcy again if you find yourself in financial trouble after filing bankruptcy. If you have ever filed for bankruptcy and been granted a discharge, then you are allowed to file again under the bankruptcy code. You will likely not be allowed to file bankruptcy again if you haven’t received any discharge from your bankruptcy filings.
If you have not received a discharge from your previous bankruptcy, you should not file for bankruptcy. You can file for bankruptcy again within the time limit if you wait until you have filed bankruptcy and been discharged. For Chapter 7 bankruptcy, the time limit in Florida is eight years. Your remaining debts will not be discharged if you intend to file Chapter 13 bankruptcy after your Chapter 7 bankruptcy is over.
The Simplest Way To File
You can receive a complete discharge from another chapter 7 case if you have received a discharge from your chapter 7 chapter bankruptcy. This is if you wait eight years after the filing date of your chapter 7 bankruptcy paperwork. You will be legally responsible for any debts you have if you file for bankruptcy in the first case.
After waiting four years since the date you filed for chapter 7 bankruptcy, you can file Chapter 13 bankruptcy. If you have filed for Chapter 7 bankruptcy four years ago and would like to file for Chapter 13, you can legally do so and get rid of your debts through a repayment plan.
Although you can file for bankruptcy multiple times, you must ensure you comply with the terms of bankruptcy. If you have questions about your future options or if you would like to file bankruptcy again, please contact us.
This post was written by Trey Wright, one of the most sought after bankruptcy lawyers in Augusta Ga! Trey is one of the founding partners of Bruner Wright, P.A. Attorneys at Law, which specializes in areas related to bankruptcy law, estate planning, and business litigation.
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