How often can I file for bankruptcy?

In California, you can file for bankruptcy under either Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code. Under Chapter 7, you can eliminate some or all of your debt and have remaining balances discharged. Under Chapter 13, you can renegotiate your debt so that you can make more manageable payments towards your debt. The frequency of filing bankruptcy in California depends on the type of bankruptcy you are filing. With Chapter 7, you can only file once every eight years. With Chapter 13, you can generally file multiple times, as long as you complete the reorganization plan in a timely manner and follow the repayment terms. It is possible to file for bankruptcy more than once, however. If your initial Chapter 7 or Chapter 13 case is dismissed, or if you can demonstrate that your circumstances have changed since the last filing, you may be able to file again. However, it is important to discuss the situation with an experienced attorney and make sure that you are making an informed decision. Ultimately, the frequency of filing for bankruptcy depends on your specific financial situation. Whenever you are considering filing for bankruptcy, it is important to consult with an experienced attorney who can answer your questions and help you understand the risks and benefits involved.

Related FAQs

What are some of the long-term effects of filing for bankruptcy?
Are there any special provisions for filing for bankruptcy as a single parent?
Can I keep my home when filing for bankruptcy?
What do I do with any unexpired leases or contracts when filing for bankruptcy?
Are there any limits to my spending during the bankruptcy process?
Is there a limit to the amount of debt I can have when filing for bankruptcy?
What is the meaning of a bankruptcy discharge?
Is bankruptcy the best option for me?
What is the difference between a discharge and a dismissal?
Are there any sites where I can get reliable information about bankruptcy law?

How often can I file for bankruptcy?

Related FAQs

Related Blog Posts