Can I File Bankruptcy More Than Once?

If you have filed bankruptcy before, you can file for bankruptcy again, however there are restrictions governing how long you need to wait before you are eligible for another bankruptcy discharge. The time limits depend on what chapter bankruptcy you filed originally and whether you are seeking a Chapter 7 or Chapter 13 bankruptcy now.

If you are struggling financially, and you have filed bankruptcy in the past, it is important that you speak with an experienced bankruptcy attorney at Robertson, Oswalt and Associates, about your situation. Even if you believe filing for bankruptcy is not an option, one of our knowledgeable bankruptcy attorneys can help you find a solution. Our law firm has offices conveniently located in Little Rock, Benton and Heber Springs to serve clients throughout Arkansas.

Heber Springs Multiple Bankruptcy Lawyer

If you are considering a multiple bankruptcy filing, talk to one of our knowledgeable bankruptcy lawyers to determine the best course of action for you.

The rules governing discharge for multiple bankruptcy are as follows:

  • If you have filed Chapter 7 bankruptcy in the past, you must wait eight years before filing a second Chapter 7 bankruptcy petition.
  • If you have filed a Chapter 7 bankruptcy in the past, you must wait four years before you are eligible to receive a discharge in a Chapter 13 bankruptcy petition.
  • If you have filed a Chapter 13 bankruptcy in the past, you must wait six years before filing a Chapter 7 bankruptcy petition, unless 70 percent of your unsecured debt was paid through the first bankruptcy plan or all of the "allowed" unsecured claims.
  • If you filed a Chapter 13 in the past, you must wait two years before you file a second Chapter 13 petition. Often, people choose to wait six years to ensure their repayment plan is approved by the bankruptcy trustee.

Depending on your situation, a discharge may not be necessary in a second bankruptcy. Sometimes, people file a Chapter 13 shortly after filing a Chapter 7 petition, known as a Chapter 20 bankruptcy to strip off a second mortgage lien.

Contact Our Little Rock Area Bankruptcy Lawyers

To learn more about the bankruptcy options available to you, contact our Little Rock area bankruptcy lawyers at 501-588-4451 or 866-311-3815 to schedule a complimentary consultation.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.