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HOW MANY TIMES CAN YOU FILE BANKRUPTCY?

June 7, 2023

–

Lucas Conors

–

Blog

Discover comprehensive information and guidance on navigating bankruptcy,
including the various types and processes involved. Empower yourself with expert
advice, resources, and support to regain financial stability and rebuild your
credit.

Most people declare bankruptcy with the aim of getting a discharge of their poor
credit Personal Loan debts. And here the question “how often can you file for
bankruptcy?” is not so important. The more vital thing is “how often can you
receive a discharge of debts through bankruptcy?”

Let’s study how Chapter 7 and 11,  previous Chapter 12 and 13 bankruptcy
discharges work, their frequency and time limits, and how to get a bankruptcy
discharge.


WHAT ARE BANKRUPTCY DISCHARGE TIME LIMITS

The time limit between bankruptcies depends on the type of bankruptcy you filed
last. You should start counting the time since the date you filed the case with
the court.

HOW OFTEN CAN YOU FILE FOR CHAPTER 7 BANKRUPTCY?

According to the Bankruptcy Code, there must be a 7 year period before you can
declare bankruptcy Chapter 7. It’s the longest time required between cases.
However, Chapter 7 provides the quickest form of debt discharge.

CAN YOU FILE CHAPTER 13 BANKRUPTCY AFTER CHAPTER 7 BANKRUPTCY?

Yes, you can file for Chapter 13 bankruptcy within 4 years after receiving a
Chapter 7 discharge, but it won’t relieve your debts. You can use it to pay off
tax debts or other types of debt that survived the prior case.

CHAPTER 7 BANKRUPTCY IN 6 YEARS AFTER CHAPTER 7 BANKRUPTCY

If you managed to repay the debt within the Chapter 13 repayment plan, you can
declare Chapter 7 bankruptcy about 1 year after receiving a Chapter 13
discharge.

HOW OFTEN CAN YOU FILE FOR CHAPTER 13 BANKRUPTCY?

There must be at least 2 year break between Chapter 13 bankruptcy discharges.
However, typically, the minimum term of a Chapter 13 repayment plan is 3 years.


HOW TO GET A DISCHARGE IN THE FIRST PLACE

In most cases, your debt (except student loans and tax debt) is discharged after
you file for bankruptcy. However, you can be denied in case you do the following
mistakes:

 1. Any attempt to transfer, move or conceal property before filing your
    bankruptcy.
 2. Conceal or destroy any of your financial information that must be kept safe.
 3. False statements or lies.
 4. “Loss” of your assets which you can’t explain.
 5. Disobeying a court order.
 6. No attendance of credit counseling and financial management courses which
    are obligatory after bankruptcy.


WHEN CAN YOU BENEFIT FROM A SECOND BANKRUPTCY FILING?

When you need no discharge but want to prolong the time to manage to repay the
debt, you can file for Chapter 13 bankruptcy and get enough time to work out a
reasonable repayment plan. The same thing concerns filing a Chapter 13 case
immediately after getting a Chapter 7 discharge. You receive time to pay off
debts that are not dischargeable.


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ABOUT US

Atlanta Retail Consulting is a leading retail consulting firm with a team of
experienced consultants dedicated to helping businesses achieve meaningful
improvements. Our client-focused approach, industry expertise, and commitment to
excellence set us apart.


LATEST POSTS

 * 
   How many times can you file bankruptcy?June 7, 2023
   Discover comprehensive information and guidance on navigating bankruptcy,
   including the various types and processes involved. Empower yourself with
   expert advice, resources, and support to regain financial stability and
   rebuild your credit. Most people declare bankruptcy with the aim of getting a
   discharge of their poor credit Personal Loan debts. And here the question
   “how often can… Read more: How many times can you file bankruptcy?


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Email: info@atlantaretailconsulting.com

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 * About
 * Services
   * Payday Loans
   * Installment Loans
   * Personal Loans
   * Title Loans
   * Store Operations
   * Customer Service
   * Personal Finance
   * Business
   * Banking and Finance
 * FAQ
 * Blog
 * Contact Us

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