Can I file bankruptcy if I have previously filed a bankruptcy?
Unmanageable or overwhelming debt can occur for many reasons. Unfortunately, these circumstances are often difficult to predict, such as the loss or breakup of a relationship, or an unexpected expense. In such a situation bankruptcy can be a great solution. It is often the first thing that people who find themselves in this situation do. For those who have used bankruptcy to address a similar situation in the past, it’s common to wonder if bankruptcy can be pursued a second time for their current circumstances.
The most important thing to consider is whether the previous bankruptcy ended with a discharge. In certain circumstances, a bankruptcy may end without a discharge, such as if a Ch. A Chapter 13 bankruptcy was filed, but the scheduled payments were not made. A bankruptcy can also be closed without a discharge when the person who filed it requests to have it dismissed voluntarily. In either case, a new filing can be made immediately if the previous filing was dismissed without prejudice.
For the majority of people who have filed bankruptcy, the case ended after the estate had been settled. The chapter of bankruptcy filed before will determine when a new bankruptcy can be filed. If a Chapter 7 bankruptcy was filed, the wait time until the next filing will be a little bit longer than if it were a Ch. If a Ch. 13 instead.
The chapter of bankruptcy you want to file is also a factor to be considered. If you previously filed a Chapter 7 bankruptcy, you must wait until eight years have passed since the last Ch. If you have previously filed a Ch. If you have previously filed a Ch. If you previously filed a Chapter 7 and now wish to file a Ch. If you have previously filed a Ch. You only need to wait four years. The waiting period for filings under Ch. The mandatory waiting periods for filings under Ch. 7’s. If you previously filed a Chapter 13 and wish to now file a Chapter 7, you only need to wait until six years have passed since the last bankruptcy was filed. If you have previously filed a Ch. If you previously filed a Chapter If you have previously filed a Ch.
Bankruptcy is a powerful and broad-reaching solution to many financial obstacles we may face in our lives. There are circumstances where we may face a new financial obstacle in the future, which could lead us to revisit the bankruptcy process. Call Now for a Free Strategy Session with a MN Bankruptcy Lawyer at LIFEBACK LAW Firm
If this is the case, we encourage you to reach out to us to speak to an attorney to determine if bankruptcy is right for you. So, when the time is right, or when you are ready, please don’t hesitate to reach out to Minnesota’s most kind and helpful bankruptcy law firm by going now to
www.lifebacklaw.com
. https://www.youtube.com/watch?v=c73zwvvgGuo