Most of our clients never expected to have to file for bankruptcy protection the first time, and they certainly don’t anticipate having to do it two or three times. However, life can be unpredictable and sometimes you get thrown more than one curveball. The good news is that if certain requirements are met, you are allowed to take advantage of the bankruptcy process more than once.
As you likely learned in your first filing, although a Chapter 7 or Chapter 13 case is a matter of public record, it is unlikely that your family, friends, co-workers or neighbors will be aware that you have filed for debt relief. In fact, your life looks pretty much the same during your case. This is true no matter how many times you file for bankruptcy.
Multiple bankruptcy filings can be caused by a wide variety of circumstances. For example, a young couple may accumulate a significant amount of debt while they are raising their children and attempting to move up in the business world. Later in life, unexpected events such as an accident, loss of employment, divorce or a serious medical condition can cause a financially stable couple to quickly start to struggle. These types of situations that often lead to a bankruptcy filing can occur at any point throughout your life.
It is important to understand that timing is important when it comes to filing a subsequent bankruptcy. For more information, please read our blog titled “When can you file a second bankruptcy case?” If you still have questions or need assistance with filing a Chapter 7 or Chapter 13 filing, call us to schedule an appointment.
Contact The “Milwaukee Bankruptcy Attorneys,” DeLadurantey Law Office, LLC for all your Chapter 7 and Chapter 13 bankruptcy needs. Whether you need debt negotiations or debt relief, or even foreclosure defense, DeLadurantey Law Office will handle bankruptcy matters for the following locations – Milwaukee, South Milwaukee, West Milwaukee, Waukesha City, Waukesha Town, Kenosha, Racine, and all other municipalities in Milwaukee County, Waukesha County, Kenosha County, and Racine County. DeLadurantey Law Office, LLC can be contacted by phone at (414) 377-0518.