The bankruptcy process is one of second chances. It was designed to help people out of tough financial times and get them back on their feet. For some people, that could mean needing a third or even fourth chance.
The bankruptcy code does not restrict anyone from filing for bankruptcy more than once. There is no “rule” against multiple filings, but there are some guidelines for when you might be eligible to file again. Depending on whether your case was dismissed or discharged, you could have to wait anywhere between six months to eight years to file again.
If your case was dismissed due to reasons other than suspicions of bankruptcy fraud, you may be able to file right away or you may be required to wait 180 days to file again. If you received a discharge in a prior case the waiting periods are:
- 8 years to file Chapter 7 after a discharge in a prior Chapter 7 case
- 6 years to file Chapter 7 after a discharge in a prior Chapter 13 case
- 4 years to file Chapter 13 after a discharge in a prior Chapter 7 case
- 2 years to file Chapter 13 after a discharge in a prior Chapter 13 case
Even if you think you cannot file again today, still contact a Fort Worth bankruptcy lawyer to review your case. Consultations are free and you could find out exactly what your options are and how long, if at all, you need to wait for debt relief.