Can I file for bankruptcy every few years?
No. Once a discharge is granted, a debtor who filed under Chapter 7 or 11 is prohibited from filing for another 6 years. However, a debtor who filed under Chapter 7 can file a chapter 13 before …
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Chapter 13 Bankruptcy
Sometimes an individual with a regular income cannot make ends meet. His or her debts may be overwhelming and grossly outpace his or her earnings. For these individuals, Chapter 13 bankruptcy protection is sometimes the best option. What is Chapter 13 Bankruptcy? Chapter 13 bankruptcy protection allows individuals with regular income to develop a plan to repay their debts over …
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How Have Bankruptcy Laws Recently Changed?
With a record number of bankruptcies in America on file, Congress has taken action to hold more people accountable for running up debts that they simply cannot pay. In general, the changes in the law may make it much harder for some people file bankruptcy, may make some people ineligible to file Chapter 7 bankruptcy at all, and may take more of your income to repay your debts in a Chapter …
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