Filing for Chapter 7 Bankruptcy – How Many Times Is Too Many?

file for chapter 7 bankruptcy

Going through bankruptcy once can be soul-destroying, and may take years to recover from, both financially and emotionally. Can you imagine how you would feel if you then had to file for bankruptcy yet again? It would be fair to assume that this would involve considerable emotional turmoil, relating to both your current financial circumstances, and the uncertainty of your fiscal future. Of course, you are sure to hope that multiple bankruptcies never feature in your life but, sometimes, your solvency is not entirely under your own control. If you have faced bankruptcy previously, or at least experienced some less than perfect cashflow issues, you may be aware that there is more than one option available to Salt Lake City residents who are overwhelmed by debt. Depending on your circumstances, your Salt Lake City bankruptcy attorney can advise on whether Chapter 7 or Chapter 13 bankruptcy is most appropriate.

For now, here is a question for you – how many times can you file for Chapter 7 bankruptcy?

The Truth about Chapter 7 Bankruptcy in Salt Lake City, and You

The answer, surprising as it may be, is that there is no limit under Utah law as to how many times an individual can file for Chapter 7 bankruptcy.

If you feel like bankruptcy is the only way forward for you, you must speak to a Salt Lake City Chapter 7 bankruptcy attorney immediately, as there are qualifying criteria involved, not to mention the complex nature of this area of the law. In the meantime, here are some of the truths and conditions relating to filing for Chapter 7 bankruptcy on more than one occasion.

  • If you have previously filed for Chapter 7 bankruptcy, and received a discharge within the past 8 years, refiling will mean you do not receive another discharge
  • If you were not afforded a discharge previously, re-filing for Chapter 7 could mean you can finally receive one
  • The time limit (8 years) is calculated from your date of discharge, not your date of filing for Chapter 7 bankruptcy
  • Upon being discharged from Chapter 7 bankruptcy, you can file for Chapter 13 immediately. If you are considering this option, it is essential that you consult an experienced Salt Lake City Chapter 7 and Chapter 13 bankruptcy attorney immediately, before taking any action

Working with an Experienced Salt Lake City Chapter 7 Bankruptcy Attorney (However Many Times You Need To)

When your finances appear to be in dire straits, and you start to consider bankruptcy as a viable option, you should not attempt to go it alone. Bankruptcy law can be incredibly complex, and making the wrong choice between Chapter 7 and Chapter 13 could have a long-lasting impact on your life.

To make sure your bankruptcy is handled as smoothly and as painlessly as possible, you should work with an experienced Salt Lake City Chapter 7 bankruptcy attorney. To get started, schedule your free initial consultation today – call Justin M. Myers, Attorney-at-Law, LLC on 1-801-505-9679.

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