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Yes about every 7 years. * A chapter 7 can be filed 8 years after a previous chapter 7 discharge. A chapter 13 can be filed 4 years after a discharge of a BK 7, 11 or 12 and two years after a discharged 13.

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โˆ™ 2008-08-29 01:09:08
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Q: Can you file bankruptcy more than once?
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What are the two chapters a business can file bankruptcy under?

You can file bankruptcy for two possible reasons: you are unable to pay your debts or your creditors file for bankruptcy if you owe them more than 1000 dollars.


What is the average amount of debt do people have when they file bankruptcy?

More than they can pay


If you file for bankruptcy and it is dismissed will credit score go down?

More than likely if you file for bankruptcy your credit score will go down. They report the filings for up to seven years and sometimes ten.


How long do you have to wait to file bankruptcy again in Illinois?

You have to wait 8 years before you can file Chapter 7 again. (Before the new bankruptcy law passed in 2005, you could file every six years.) For Chapter 13 reorganization, you can file more often than that, but you can't have more than one case open at the same time.


How much equity can you have if you file bankruptcy?

When you file for bankruptcy, you generally have less equity than you owe. You can have a million dollars and file because you owe two million.


Can you purchase another car before you file bankruptcy on another car?

sure you can, but you will loose new car when u file bankruptcy anyway.also need more than just a car payment to file bankruptcy. laws have changed to prevent people filing bankrupcy just to dodge paying there bills


Is it better to file bankruptsy or be late on bills?

It is less detrimental to your credit score to be late on paying your bills (more than 30 days late) than it is to file bankruptcy.


What is personal Bankruptcy?

It is when an indivdual (or married couple) file for bankruptcy rather than a business or corporation.


Will your wife have to pay if you file bankruptcy?

If her name is on a loan that you file bankruptcy on than she would then be responsible for that loan. Filing a bankruptcy only gets your name off the loan(s), you would both need to file together.


Can you file bankruptcy if you own property with a lien on it?

Yes. It is probably more common than not. All mortgages are liens.


Can you keep your home if you file chapter 7 bankruptcy and owe more on your second mortgage than the first?

yes


Can you file bankruptcy in another state?

no, only in the state you are domiciled or if its a business, in the state where the business is located. More accurately, it can be filed in any state in which you have lived for more than half of the previous 6 months or have significant assets, or where the business has an office or other assets. You cannot file in more than one bankruptcy court.


Can you get Rotom more than once in Diamond and pearl?

No, you can only get Rotom once per file.


Why do divorced men file for bankruptcy?

PEOPLE file for bankruptcy because of economic circumstances. Divorced men would have less motivation to do so than many, as child support is a debt that cannot be changed by bankruptcy.


Can you be current on your credit cards and file chapter 13?

Yes. But in California, you can not have more than ~$330,000 of unsecured debt if you are going to file for Chapter 13. Check your local bankruptcy rules to see if you qualify for chapter 13 bankruptcy based on your debt.


How many times has Donald Trump claimed bankruptcy?

I heard him say it was more than once. Possibly 2.


If you cosigned a car loan for your daughter and the car got repossessed do you both have to file for bankruptcy?

Having a car or other item repossessed does not mean anyone has to file for bankruptcy. Bankruptcy is to protect you from creditors and should be sought if you owe more than your net worth and have no reasonable prospect of being able to pay what you owe.


Can you file bankruptcy on a loan for a vehicle?

Probably yes. The reason for the "probably" is that you don't file bankruptcy on specific loans... you file bankruptcy in general, and it applies to most debts (there are certain types of debts that are not dischargable in a bankruptcy). Note that if you do file bankruptcy, you may have to sell the vehicle. In bankruptcy you are often required to sell certain assets in an attempt to at least partially pay off your creditors; you're allowed to keep a certain amount of equity in a vehicle specifically, and a certain amount in "general assets" (which can be applied to a vehicle or to cash or other personal property), but if the vehicle is worth more than that, you would have to sell it.


Can you file bankruptcy on cash advance in Illinois?

One cannot file bankruptcy on a cash advance in Illinois. A cash advance totaling more than $750 taken on within 70 days of your bankruptcy filing, can't be discharge. The reasoning behind this would be an individual would have to prove intention to paying back an advance.


How long after you file bankruptcy can you file again?

Under the bankruptcy laws effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more than four years ago; or (2) the debtor received a discharge under Chapter 13 more than two years ago. The above notes discharge dates


If you file for bankruptcy and go through with it how many years must you wait until you can file again?

Under the bankruptcy laws effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more than four years ago; or (2) the debtor received a discharge under Chapter 13 more than two years ago.


Can you file for bankruptcy after being discharged of bankruptcy 3 years ago?

Under the bankruptcy laws effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more than four years ago; or (2) the debtor received a discharge under Chapter 13 more than two years ago.


How much do you have to owe to file chapter 7?

There is no statutory amount needed to file bankruptcy. With the new bankruptcy reform it may be difficult to file a Chapter 7 if the person has even a small amount of expendable/nonexempt assets. One of the objectives of the new BK regs. is to require more debtors to file a Chapter 13 rather than a 7.


Do we need to file bankruptcy if both retired?

You must not be asking what your meaning.I would be very surprised if anything other than a very, very few retirees ever need to file for bankruptcy.


Can one file for bankruptcy twice or more?

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.