How often can I receive a bankruptcy discharge?

The frequency at which you can receive a bankruptcy discharge in Oklahoma depends on the type of bankruptcy you file. If you file for a Chapter 7 Bankruptcy, you can receive a discharge of debt once every eight years. This means that after eight years have passed from the filing date of your first Chapter 7 Bankruptcy, you may be eligible to file for another Chapter 7 Bankruptcy and receive a discharge of debt. On the other hand, if you file for a Chapter 13 Bankruptcy, you can receive a discharge of debt once every six years. This means that after six years have passed from the filing date of your first Chapter 13 Bankruptcy, you may be eligible to file for another Chapter 13 Bankruptcy and receive a discharge of debt. It is important to note that you should only file for bankruptcy if you absolutely need to, as the process is lengthy and expensive. Additionally, filing for bankruptcy will appear on your credit report for up to 10 years. If you are considering filing for bankruptcy, it is recommended that you seek out professional advice from a licensed and experienced bankruptcy attorney.

Related FAQs

Are there any limits to my spending during the bankruptcy process?
How can I find a qualified bankruptcy attorney?
Can I keep my car when filing for bankruptcy?
How do I know if I'm eligible to file for bankruptcy?
What is the bankruptcy automatic stay?
What is creditor reaffirmation?
Can I keep my home when filing for bankruptcy?
Will bankruptcy discharge the entire amount of debt owed?
Does filing for bankruptcy eliminate debts such as child support and alimony?
Do I have to pay taxes on any discharged debt?

Related Blog Posts

What is Bankruptcy Law? - July 31, 2023
What Are the Most Popular Types of Bankruptcy? - August 7, 2023
How to Choose the Right Bankruptcy Attorney for Your Case - August 14, 2023
Understand the Consequences of Not Filing for Bankruptcy - August 21, 2023
How to Avoid Bankruptcy With Financial Self-Management - August 28, 2023