In most cases, people and businesses can file for bankruptcy more than once. However, they are restricted in how and when they can file after the first time.

The filing time restrictions often depend on the type of bankruptcy. For instance, federal law has different guidelines regarding Chapter 7 and Chapter 13 filings.

Filing for bankruptcy, however, can have negative consequences for individuals. After a second or third bankruptcy filing, individuals will have a difficult time obtaining credit and recovering from bankruptcy.

If you have any questions about filing for bankruptcy multiple times, contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.