No one ever sets out to end up in bankruptcy, but there are unforeseen circumstances that can lead to financial hardship. While bankruptcy can be a valuable tool for resolving debts, there are some rules in place to avoid abuse of the system; one of which is how often you can file.
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While bankruptcy laws do not limit how many times you can file for bankruptcy, it does dictate how often you can file. There are also rules as to which type of bankruptcy you may file for after you have filed in the past. In general, the rules to filing for bankruptcy are:
- 8 years to file Chapter 7 after a prior Chapter 7 case
- 6 years to file Chapter 7 after a prior Chapter 13 case
- 4 years to file Chapter 13 after a prior Chapter 7 case
- 2 years to file Chapter 13 after a prior Chapter 13 case
If you did not receive a discharge of your debts in a prior case, you can file again at any time. If you have any questions about filing for bankruptcy a second, or more, times you should consult a Dallas bankruptcy attorney to discuss your case.