How often can I file for bankruptcy?

In Oklahoma, when it comes to bankruptcy law, you are allowed to file for bankruptcy as often as you need to, but there are certain waiting periods that must be observed between filings. Depending on the type of bankruptcy filing, there is a required minimum period of time before an individual can file for a second bankruptcy. The most common type of bankruptcy filed by individuals is Chapter 7 bankruptcy. After filing Chapter 7 bankruptcy in Oklahoma, you need to wait at least 8 years before filing a second Chapter 7 bankruptcy. In most cases, you can file for bankruptcy protection under Chapter 13 bankruptcy sooner than you can file for Chapter 7 bankruptcy- typically 6 years after a prior Chapter 13 filing. Additionally, there is a possibility of discharging debts when filing Chapter 13 bankruptcy without waiting a certain period of time after filing a prior bankruptcy. To be eligible for this type of discharge, you must satisfy certain requirements such as repaying a portion of your unsecured debt and making regular payments for the duration of your repayment plan. Overall, the exact amount of time that must pass before you can file for bankruptcy again depends on the type of bankruptcy you previously filed and on the details of your bankruptcy case. It is important to speak to a bankruptcy attorney to find out what exact waiting period applies to your situation.

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How often can I file for bankruptcy?

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