How often can I file for bankruptcy?

In Massachusetts, you can file for bankruptcy as often as you need, but certain restrictions and waiting periods apply. Under federal bankruptcy law, you can file for Chapter 7 bankruptcy once every eight years. This means you must wait eight years after filing for Chapter 7 before you can file for it again. However, if you successfully complete a Chapter 13 bankruptcy repayment plan and make all necessary payments on time, you can file for Chapter 7 bankruptcy sooner. If you have filed a Chapter 7 bankruptcy, you can file for a Chapter 13 bankruptcy four years after the date of your last bankruptcy filing. However, if you have not completed or paid your Chapter 7 bankruptcy, you will not be able to file for Chapter 13 bankruptcy until that bankruptcy is completed or discharged. In Massachusetts, if you have filed for and received a Chapter 13 discharge, you may file for a Chapter 7 bankruptcy four years after the date of the Chapter 13 discharge. Additionally, if you have filed and received a Chapter 7 discharge, you may file for a Chapter 13 bankruptcy only six years after receiving the Chapter 7 discharge. In summary, the amount of time between filing for bankruptcy depends on the type of bankruptcy you are seeking and when you last filed. Generally, you can file for Chapter 7 bankruptcy once every eight years, and Chapter 13 bankruptcy four years after a Chapter 7 bankruptcy or six years after a Chapter 13 discharge.

Related FAQs

How do I change my name after filing for bankruptcy?
What will happen to my co-signers if I file for bankruptcy?
Are there any types of debt that will survive a bankruptcy discharge?
What kind of debt relief is available to married couples filing for bankruptcy?
What is the difference between a Chapter 11 and a Chapter 13 bankruptcy?
Does filing for bankruptcy eliminate debts such as child support and alimony?
What are some of the potential pitfalls to filing for bankruptcy?
What will happen to my creditors if I file for bankruptcy?
How do I know if I qualify for a Chapter 13 bankruptcy?
What is an adversary proceeding?

How often can I file for bankruptcy?

Related FAQs

Related Blog Posts