How Many Times Will The State Let Someone File Bankruptcy

How Many Times Will The State Let Someone File Bankruptcy

There is no restriction on how many times one can file for bankruptcy in any state. Whether one has gone through the bankruptcy process multiple times or not, it does not matter. There is only one minor caveat. Filing for an additional bankruptcy too quickly may negate the benefits of an 'automatic stay' which stops creditors from any collection attempts. Certain states hold that any prior bankruptcy case dismissed within the last 12 months of the current bankruptcy filing will have their 'automatic stay' end thirty days after the new filing, unless one requests a court order that extends the stay via a court hearing.

    • Related Articles

    • How Does One File A Court Case

      If one has a trust already, one can actually file for FREE by filling out a form called Application for Indigency by the Clerk of Court. By filling out this form with all "zeros" one will automatically qualify for free legal services (except ...

    • Business Debts, Bankruptcy and Debt Removal Secrets

      Bankruptcy is a custom affair with each situation being unique to that business. It all depends on the company, its debt amounts and continuation issues at hand. Does the business have other lines of credit that can be willingly reduced, without ...

    • How Often Can One File for Bankruptcy

      One can legally file for Chapter 7 bankruptcy (business debts only) every 8 years and Chapter 13 (business and personal debts) every 2 years; however, with the help of Debt Removal Secrets a bankruptcy can be repeated about every 6 months and can be ...

    • What If A Bankruptcy Didn't List A Specific Debt

      Any debt not listed in an asset case will not be discharged; however, a no-asset Chapter 7 Bankruptcy (no money to repay creditors) the debt may still be discharged.

    • What Is The Difference Between a Will and Trust

      Wills May Turn One's Heirs Gray! Think about who distributes the money: a network of accountants, lawyers, appraisers, administrators, trustees, executors and…the courts. When does one get their money? ‘After’ everyone else gets theirs ‘After’ all ...