What Are The Rules For Filing Bankruptcy Again?

Filing bankruptcy for a second time may be possiblebut it is it wise

? Often, people in debt feel as though they can always rely on bankruptcy to rescue them from a bad situation.

While bankruptcy can provide you with a fresh start, filing again may not be as easy as you think. The events that create a need for bankruptcy often aren't anything we want to experience again. Can you imagine having creditors calling you all day and night again? What about a wage garnishment? It would be in you and your family's best interest to avoid revisiting those circumstances again. It isn't just the circumstances that make it difficult, there are also periods of time required before you file again. If you have filed a Chapter 7 and received a discharge sometime in the last 8 years, you can't file Chapter 7 for a second time. As for Chapter 13, the benefits you received from an original bankruptcy filing may affect what benefits you may receive from filing bankruptcy again. (It is important to keep in mind that every situation is different and, if you aren't sure if you can file again, it would be best to take advantage of a free consultation from a reputable bankruptcy attorney.)

This is not to say that filing again is impossiblein fact, sometimes it is necessary. Events happen that are outside our control and bankruptcy is a wonderful tool that has helped many people become the successes they always wanted to be. It helps families in overwhelming amounts of debt get protection from foreclosure, find a solution to credit card debt, and finally get relief from the harassment of their creditors. If at all possible, I would be determined to file only once for bankruptcy protection.

What can you do to keep from filing bankruptcy again? Being by picking a really great St. Louis bankruptcy attorney. While many attorneys care about your well-being during your bankruptcy, the best ones also care before and after and provide you with information to be successful post-bankruptcy. Also, keep careful track of your pocketbook. If you've got to make a different budget, resist impulsive buying decisions, and work hard to stick to your new lifestyle, do it.

Remember, a St. Louis bankruptcy lawyer can wipe the slate clean but it is your responsibility to jump off from there. Educate yourself on your options, make responsible decisions, and get yourself on the way to a successful post-bankruptcy life.

by: Jim Brown

POST COMMENT

Securing A Mortgage Loan After Bankruptcy: This Is How To Do It New Bankruptcy Statistics From Vancouver Wa Bankruptcy Court Deciding To File For Bankruptcy Can I Discharge My Student Loans In Bankruptcy? How To Protect College Funds In Bankruptcy How To Protect Your Investments In Bankruptcy Whether To File For Chapter 13 Bankruptcy Whether To File For Chapter 7 Bankruptcy Make Bankruptcy Your Last Option Bankruptcy Laws: Facts and Information 3 Things You Must Know Before Getting Rid Of Your Bankruptcy Attorney Bankruptcy Choices Find A Reliable Bankruptcy Lawyer