There is no limit on how many times you can file bankruptcy, but there is a waiting period between filings.
As far as Chapter 13 bankruptcy is concerned, since the repayment plan usually takes between 3 to 5 years depending on the accumulated debt, you can often file again just after the previous one is finished. In this case, you can file a second bankruptcy filing 2 years after your initial f...
Filing for bankruptcy has lasting ramifications on your credit. However, it can give you a fresh start by allowing you to eliminate some of your debts or create a repayment plan, depending on the type of bankruptcy you choose. Deciding to file for personal bankruptcy is a tough choice, but ...
Rush into bankruptcy too quickly When you’re in a precarious financial situation, you want to try to do everything you can to pay your debts without resorting to bankruptcy. Why? Because you are only allowed to receive a bankruptcy discharge every so often. For example, you may only receiv...
We will provide you with valuable insights and practical tips to help you navigate through this complex and often intimidating process. It is crucial to note that while this guide provides general information on filing bankruptcy, it should not be considered as legal advice. Every individual’s ...
Often, yes it will, even if it is usually not a long term solution.Continue Reading Can The Bankruptcy Filing Fee Be Waived? ByScott RiddlePosted inBankruptcy Basics,Chapter 13,Chapter 7 Virtually all courts, from local city courts to the Supreme Court of the United States, charge filing fe...
Bankruptcy is a legal proceeding that assists debtors who are overwhelmed by their debts or unable to meet their current debt repayment schedule. But the devil is in the details, as is often the case with legal proceedings. That's why it is important for any New York resident considering f...
If you have a credit card or an installment loan with your bank, close any checking or savings accounts and remove any deposits before you file for bankruptcy protection. The bank can seize your funds as an offset for your debts. This can happen as soon as you file and the bank receives...
People often rely on credit cards to cover living expenses during financial hardship, but high interest rates and fees can cause balances to grow faster than they can be repaid. When these debts grow insurmountable, bankruptcy can offer a way to discharge or reorganize that debt, providing much...
These plans consolidate your debts into one monthly payment, often with reduced interest rates and fees, and can be completed in three to five years. Ad The bottom line Filing for bankruptcy is a major decision that should not be taken lightly, but it's also not something to fear if ...