Many consumers are confused when it comes to specifics in the bankruptcy laws, and there are a number of misconceptions and mistaken beliefs about whether bankruptcy can be filed a second time. If you have filed for bankruptcy protection before it may be possible to file again in some situations.
Sometimes the fresh start offered by bankruptcy can result in an accumulation of debt again over time, and then financial difficulties may occur through no fault of your own. An experienced bankruptcy lawyer can help you determine whether filing for bankruptcy again is possible, and help you navigate this process so that you get the results you want and need.
Crucial Time Lines With Additional Bankruptcy Filings
The time required in between bankruptcy filings can depend on a number of factors. The chapter of the bankruptcy code that you filed the last case under, the outcome of the previous case, and your current financial situation will all determine how long you must wait before you can file for bankruptcy protection again.
If you had a successful chapter 7 bankruptcy case and your unsecured debts were discharged then you will need to wait at least 8 years before filing again under chapter 7 of the bankruptcy code in most cases but there may be exceptions. If you now want to file a chapter 13 case then the time requirement is reduced to 4 years since your last case was filed.
If your last bankruptcy was filed under chapter 13 of the bankruptcy code and you want to file under this same chapter you must wait for at least 2 years if the new case is also under chapter 13. If you want to file a chapter 7 case now then you must wait 6 years after filing for chapter 13 bankruptcy previously.
An Experienced Bankruptcy Attorney Should Be Consulted
If you have filed for bankruptcy in the past and the case was dismissed by the bankruptcy court then the time requirement before you can file again can vary, depending on why the case was dismissed. This time restriction may be as short as a month or two, or you could find that you may not file again for a year or more. A qualified bankruptcy attorney can help determine the time requirements in place for your specific situation, and offer guidance and legal advice to help you get the outcome you are looking for.
The bankruptcy attorneys at Richard West Law can help, providing a free debt consolidation consultation to assist you in finding the right answer for your unique debt problems and circumstances. Visit http://www.debtfreeohio.com or call (513)771-8700 or (937)748-1749 to get the answers you want, and the financial relief you are looking for.
A friend of mine told me West & Hurley really knew their stuff about bankruptcy and that is why I chose them to represent me. Everyone treated me with dignity. They didn't make me feel any less of myself for filing bankruptcy. They treated me as a valued client. Whenever I had a question, the secretaries were eager to help me. I always felt satisfied and more knowledgeable in my particular situation at the end of the conversation. I think very highly of all the people at West & Hurley and would recommend their services.Diane Parthe
Me and my wife went though bankruptcy, it's been 6 months and we have a credit card and a 2012 bought new GMC truck. Richard West and Associates did an excellent job helping us file, and help us get our credit back on track. Our paralegal Lisa, did an excellet job helping us with our paperwork. We highly recomend filing with them, we had tried with a different firm, and they didn't help us in the same way, we are happy we had their help and expertise getting us back on track.Janie Wright
My wife and I filled for bankruptcy in 2008 with the help of West & Associates. Mr. West told us in our initial consultation that if we followed his advice and stuck to a plan we could rebuild our credit to a better state than it was before we filled. Though skeptical my wife and I worked hard on things like paying bills on time or early and building our credit little by little. By doing things like this and learning from past mistakes we were able to pay off our bankruptcy a year early and raised our credit score to just under 700 points. That is a 200 point difference from our score prior to getting help from West & Associates. We were also able to buy a new car 6 months after discharge with a very low interest rate. So when people tell you that filling will ruin your credit forever it just isn't true.Sherman Thatcher
I would like to thank the West & Hurley team for their hard work. They did an excellent job and were very professional. The staff was friendly and helpful. I will recommend West & Hurley to my friends.Christina Anglin
It was simply an easy process. They made absolutely sure I fully understood all of my choices. It was vital to me how they wasn't trying to sell bankruptcy since they also told me about other options like credit counseling as well as others. I felt like these people were taking care of My personal best interest...not just trying to find yet another client. I recommend them.A Google User