How often can I file for bankruptcy?

In Virginia, you can file for bankruptcy only once every eight years. However, certain types of bankruptcy filings may allow an individual to file sooner than eight years. For example, if a person filed Chapter 13 and then needed to file Chapter 7, that person could do so in less than eight years. It is important to understand the differences between the types of bankruptcy and the implications of filing each type. Generally, Chapter 7 eliminates most of your debt, while Chapter 13 requires repayment of at least some of the debt over time. It is important to remember that filing for bankruptcy is a serious financial decision and should never be taken lightly. Prior to filing for bankruptcy, you should speak with a qualified attorney in order to fully understand the implications of the various types of bankruptcy filings. An attorney can help you determine if you need to file, discuss how often you could file, and help you determine if bankruptcy is the best option for your current financial situation.

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How often can I file for bankruptcy?

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