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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What is the Difference Between a Chapter 7 and a Chapter 13 Bankruptcy?
After you have decided to file for bankruptcy, you may have to choose between the two types of bankruptcy proceedings that are available for individuals – Chapter 7 bankruptcy and Chapter 13 bankruptcy – depending on your eligibility for each. Deciding which type of bankruptcy is right for you is an important choice, because the type will determine whether you have to pay back at …
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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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