How often can I file for bankruptcy?

In North Carolina, you can usually only file for bankruptcy once every eight years. However, it is possible to file for bankruptcy more than once in a shorter period of time, depending on the type of bankruptcy. Chapter 7 bankruptcies can be filed up to every eight years, but if you want to file a Chapter 13 bankruptcy, which is a plan to allow you to pay back some of your debts over time, you can file it more often. To be eligible to file a Chapter 13 bankruptcy, you must have filed a Chapter 7 bankruptcy within the last six years. The eight-year waiting period applies to Chapter 7 bankruptcies, but it does not apply to Chapter 13 bankruptcies. If you have already filed a Chapter 7 bankruptcy, you may still be able to file for a Chapter 13 if you meet certain criteria. For example, you must have sufficient disposable income and have made good faith efforts to pay back your debt. Additionally, you may not have received a discharge in the prior Chapter 7 filing. Bankruptcy is a serious legal matter and filing for bankruptcy can have long-term consequences. It is important to research the bankruptcy laws in North Carolina and seek legal advice prior to filing. Your attorney can help you make an informed decision about whether bankruptcy is the right option for you and how often you can file for it.

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How often can I file for bankruptcy?

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