Is It Legal To File a Second Bankruptcy Case?
Filing for bankruptcy is a difficult decision that comes with many legal implications. One of the main questions people ask is whether or not they can file for a second bankruptcy case. The answer to this question is not always clear, as there are many factors to consider.
There are two types of bankruptcies that people can file: Chapter 7 and Chapter 13. Chapter 7 bankruptcies allow individuals to discharge all of their debts, while Chapter 13 bankruptcies involve a repayment plan. In most cases, people who have filed for a Chapter 7 bankruptcy are not eligible to file for another one within eight years.
However, there are some circumstances in which people can file for a second bankruptcy case sooner than eight years. For example, if someone's financial situation has changed dramatically since their first bankruptcy case was filed, they may be able to file for another case.
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