How often can I file for bankruptcy?

In South Carolina, you can only file for bankruptcy once every eight years if you are a consumer. If you file for a Chapter 7 bankruptcy, then you will have to wait at least eight years before you are able to file for another one. If you file for a Chapter 13 bankruptcy, then you are able to file again in four years. It is important to note that you cannot use the ‘eight-year rule’ to bypass the ‘means test’. This is the test used to determine whether you qualify for filing a Chapter 7 bankruptcy or a Chapter 13 bankruptcy. This means that even if it’s been eight or more years since you last filed for bankruptcy, you will still need to meet the ‘means test’ requirements before you are allowed to file. It is important to remember that filing for bankruptcy is a serious decision that should be thought out carefully. Bankruptcy can have a major impact on your credit score and it can take a long time to rebuild your credit after you file. Before making the decision to file for bankruptcy, it is always advisable to talk to a qualified bankruptcy attorney. An attorney can help you understand the bankruptcy process and help you decide if filing for bankruptcy is the right choice for your situation.

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How often can I file for bankruptcy?

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