If you faced new financial hardships, you could file for bankruptcy again. There is no exact limit to how many times you can file for bankruptcy in a lifetime. However, you may have to wait between successful bankruptcy filings before your debts are resolved again. Here’s what you should know:
When you filed your first successful bankruptcy, you likely didn’t need to wait to begin the process. However, there are certain parameters before people can file for bankruptcy a second or third time. Filers must wait several years to file bankruptcy again. The number of years depends on which kind of bankruptcy someone is filing for. Here’s how long you will have to wait:
This system is to prevent people from abusing the process. The wait time will begin again after a new successful filing. To learn more about your bankruptcy options, it can help to reach out for legal help.
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