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Can Bankruptcy be filled More Than Once

Bankruptcy brings a lot of stress and mental pressure. But knowledge of rules and law helps you handle the situation more confidently. Knowledge of limitations and options of how and when you can file bankruptcy again can make bankruptcy less stressful. Here we are sharing the main points regarding the filing of bankruptcy more than once.<br><br>

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Can Bankruptcy be filled More Than Once

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  1. Can Bankruptcy Be Filled More Than Once? BankruptcyCanBeFilledMoreThanOnce! YES, IT IS POSSIBLE TO FILE BANKRUPTCY MORE THAN ONCE! In fact,you can file bankruptcy as manytimes as the need arises. There are no limits as to how manytimes you can file for bankruptcy. But having said that,there are some duration limits though before you discharge your debts. Chapter 7 vsChapter 13 THERE ARE CERTAIN LIMITATIONS AND EXCEPTIONS In Case of Chapter 7 Bankruptcy: You'll have to wait for 8years before to file another Chapter 7. You can file for Chapter 13 after 4years from the date you last Chapter 7. In Case of Chapter 13 Bankruptcy: You can file another Chapter 13 again after 2years. You can file for Chapter 7 after 6years from the date of Chapter 13. Exception If you have paid 100% of the outstanding debts,you can file chapter 7 bankruptcy immediately. These are the debts from unsecured creditors such as credit card debt,utilities, medical bills, or any student loan as part of your Chapter 13 bankruptcy filing. Or after paying at least70% of the claims in your Chapter 13 case. FrequencyofFilingBankruptcyAffectDebtDischarge? YES, IT DOES! You'll not be entitled to a discharge if you file for bankruptcywithin 2years of filing your previous Chapter 13. In Chapter 7 bankruptcy,you must have paid your unsecured creditors 70% or more in your previous Chapter 13, or youwill not be entitled to a discharge. WhenCanYouNotFileForBankruptcy? You can’t file for a bankruptcy case under any chapter within 180 days after the dismissal of your last bankruptcy case. You may be ineligible to file bankruptcy if made requests to the bankruptcy judge previously, also called motions. Filing a bankruptcy case when ineligible will result in dismissal of the case and may impose further ineligibility extensions. VISIT WWW.NADERLAWFIRM.COM TO KNOW MORE ABOUT BANKRUPTCY

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