BK is restricted to six years after the discharge of a previous filing. Although in some cases exceptions have been made, not usually in personal filings, however. BK laws are becoming much stricter about allowing multiple, consecutive filings.
As of October 17, 2005, the new time limit for filing a Chapter 7 is now eight (8) years from the discharge date of a previous "7" filing. The time limit for a Chapter 13 is four (4) years from the discharge date of a previous "7" and two(2) years from the discharge date of a previous "13".
Yes, you can file as often as you want just as long as you don't file for the same result, thanks to the law change made October 17, 2005. But it's not probably that you can do it more than 4 times with out suspicion from the law.
Yes, the restriction is the time in between.
A record is kept of people doing it serially who may are considered abusive.
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
You cannot file a bankruptcy directed at one single debt.
The first step is to talk with a bankruptcy attorney, then fill out the appropriate paperwork and file it with a bankruptcy court.
One spouse can file bankruptcy separately and both are held responsible.
Many how-to websites provide one or more articles describing how to file for chapter seven bankruptcy, such as Wikihow and eHow. Alternatively, the US Courts website provides a more formal description of the process.
To find out if one is able to file for bankruptcy, one should seek information from a lawyer or someone familiar with bankruptcy. Another option is to visit WikiHow's website.
It depends, usually after you file bankruptcy they take all your vehicles but one of them so that way you have one vehicle to get back and forth for emergencies. When you file bankruptcy and have a job, they usually limit the amount of money coming into your household too.
The first step in filing bankruptcy for any business is to speak with a bankruptcy lawyer. There are many different types of bankruptcies and one needs to know which one to file before anything else can be done.
You cannot combine tax id numbers of different companies into one, to file bankruptcy.
Bankruptcy can be filed at the Bankruptcy court for the area you are in. For instance in Northern Florida, it's the Florida Northern District Bankruptcy Court.
Yes
In order to file for bankruptcy a person will need to hire an attorney or lawyer. Bankruptcy has long term financial consequences for the person so a competent attorney should be hired.