Filing for Bankruptcy a Second Time

by DeLadurantey Law Office, LLC on November 22, 2011

Facing financially trying times can be extremely stressful, but for those that are filing a second time, the process can be overwhelming. If you are facing financial uncertainty, bankruptcy may be a way for you to get out of debt and start rebuilding your credit score. You do have the option of filing for bankruptcy a second time if you need to get out of debt.

Restrictions for Second Bankruptcy Filings

In theory, you can file for bankruptcy as many times as possible as long as you wait the appropriate amount of time between filings. These are different depending on what chapter you file for originally, and unfortunately, one bankruptcy filing may not always be enough.

If you originally file for Chapter 7 bankruptcy, you must wait eight years to file for Chapter 7 again and four years to file for Chapter 13 bankruptcy. If you originally file for Chapter 13 bankruptcy, you have to wait six years to file for Chapter 7 and two years for Chapter 13.

You don’t have to go through this time in your life alone. Consulting with a qualified legal representative may not only answer your questions, but to also give you the opportunity to discuss your options for eliminating your debts. Contact the Milwaukee bankruptcy lawyers of DeLadurantey Law Office, LLC today at 414-377-0518 and schedule a free consultation.


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