Can I apply for Chapter 13 bankruptcy if i’ve filed for bankruptcy before?

Can I apply for Chapter 13 bankruptcy if i’ve filed for bankruptcy before?

Brief Answer: Yes. You are able to seek bankruptcy relief as numerous times as you need to. Nevertheless, there are many guidelines connected.

For those who have filed for Chapter 13 bankruptcy prior to, you might not get a release until at the least couple of years have actually passed away. a release releases you against all debts which were taken into account in your plan, minus several exceptions such as for instance figuratively speaking, current taxes, and youngster help. You will need certainly to wait at the least four years to apply for Chapter 13 in the event that you formerly filed for Chapter 7, 11, or 12 bankruptcy. The waiting period is just a longer that is little filing for Chapter 7 twice; debtors must wait eight years.

Bankruptcy law is federal legislation, found in Title 11 of this united states of america Code, therefore it is the exact same through the country. Nevertheless, state property legislation and regional guidelines and traditions additionally perform a part that is important any bankruptcy situation, so just before using any action, it is very important to consult a skilled bankruptcy lawyer in your town.

Additionally it is imperative to consult with a lawyer as you should be certain Chapter 13 bankruptcy is the option that is best. Continue reading “Can I apply for Chapter 13 bankruptcy if i’ve filed for bankruptcy before?”