how many times can someone fill bankruptcy?
93418
It is possible for one person to file more than five bankruptcy petitions.  The questions is whether the Debtor who does so will receive a discharge in each case.  That will depend on the chapter, the amount of time that intervenes between the filings, and how the prior cases are resolved (dismissed, discharged, pending, etc.)  \n\nThe rules state in an earlier answer are obsolete for cases filed after the effective dates of the 2005 bankruptcy reform act (October 17, 2005 for most changes).  The waiting period is now 8 years for filing a second Chapter 7.  Also there are numerous new limitations on the effect of a subsequent Chapter 13.  If you are considering a second bankruptcy, set an appointment with a bankruptcy attorney.
141824
In the state of Ohio, the limitation ranges from 6 years for oral agreements to 15 years for written (including Promissory Note). Note that "open accounts" which are credit card debts, have had some changes as a result of the recent Bankruptcy Reform Act\n\nThe following link will give you more information about the Statute of Limitations by State
596936
That is a question for a local attorney, bankruptcy law is state specific.  The state you reside in determines the answer combined with your personal circumstances.
947437
Just my opinion....but I've seen this from a lot of differant angles.\n\nI have seen a lot of very smart paralegals...and a lot of very dumb lawyers.  Just because they are a lawyer does not make them extremely smart or immune from screwing up a case.\n\nIn many law offices, the paralegal does a lot of the actual work, and is "probably" capible of doing a bankruptcy case.\n\nBut you need to keep one very important point in mind.  Under the new bankruptcy laws, if you make one mistake...missfile one form...goof up one procedure...then your bankruptcy case will be dismissed.  If that happens you can not file again for one year.  In that time, you can bet your creditors will do everything they can to get their case to court and get their money within that time!  Especially now that they know you are filing for bankruptcy.\n\nSo with that said...if you have a very simple bankruptcy you could probably get away with a paralegal.  But anything else, I would highly recommend a qualified lawyer.
1025631
YES YOU CAN DO IT!!. I work for a bankruptcy attorney. I myself even have gone through bankruptcy back in 2005. You send all three credit report agencies a copy of your discharge along with a copy of your creditor matrix. At that point they will remove those debts from your credit report. They will then send you an updated credit report. It may take a few times to get it all removed. However, your credit report will state that you had filed bankruptcy and it states that way up to 7 years.
181914
Ask your bankruptcy lawyer, they will know.  It won't hurt to try.
371205
When you first contact them let them know you have the bankruptcy and ask them if it will be a problem.  If they tell you they don't usually rent to people with bankruptcy move on.\nAlso you may have establish a history with a large complex or rental company and work your way up the list.
112550
There are many loan companies that have the idea that since you just came out of bankruptcy you are a safe bet because you have no debt and can not file bandruptcy again for a long time.  Call around your area, or there is a good chance the furniture company has several lenders willing to help.  Ask them.  Good Luck.
662752
I can't stand you people who are giving horrible advice. If you file suit against someone and they file bankruptcy, you are still able to collect. Judgments are non dischargeable when filing Bankruptcy. Any court order form of payments are nondischargeable. You get a judgment and record it with the clerk/state, it is vaild for 10 years and if the defendant receives any money or assets you can place a lien on them. Also, if you get a judgment you and your attorney can file a citation to discover assets to get your settlement. They will then need to sell any assets they own (up to a certain amount) to satisfy your judgment.\n\nDo not take the first amount the insurance company offers you. You can get more. Even without an attorney you need to ask for things other things like gas that was in your car, if you had new tires, they usually will pay the tax on a new car up to the value of your old car, the title and license. You can accept the check from you insuance company and then sue her and her insuance for reimbursement. Your insurance will put a lien on the amount you recover usually 2/3s of what they paid out. Don't give your insurance company any information that will incriminate you. You can tell them you are seeking counsel and will be intouch with them about it.\n\nIf you are moving out of state, you need to make sure that you are able to go back to the county that you are moving from because you need to file suit in either the county you lived when this happened, county it happened in or the county that she live in. (assuming they are all different)
15483
There are different types of bankruptcy, and the rules have just been tightened up by the Republican Congress to make it harder for indiviuals to recieve bankruptcy protection for their personal debts.  The old rule was that there was a 7 year peroid after declaring before you could declare again.\n\nA legal website offers this info: \n\n"A Chapter 7 bankruptcy can be filed every 8 years from a previous chapter 7 filing or 6 years from a prior chapter 13 filing. Chapter 13 can be filed 4 years from a prior Chapter 7 filing or 2 years from a prior Chapter 13 filing. Filing bankruptcy can adversely affect your ability to obtain future credit, rent housing and even negatively impact a job application, so any decision to file must be carefully considered."
344728
I helped my girlfriend file a year ago and it was relativly simple.  I've since learned that the laws were changed (and few people know because Iraq/Elections/Missing Persons were the only national headlines.  It' supposed to be exceedingly difficult now, especially if you have any assets that most people would consider protected. \n\nI'll see if I can find some more.\n\n\nMore: "WASHINGTON - The most sweeping rewrite of the U.S. Bankruptcy Code in a quarter- century, making it harder for debtors to erase credit card and other obligations in court proceedings, goes into effect Oct. 17.\n\nAmong the changes made by the new law:\n\n* It sets up a new test for measuring a debtor's ability to repay. People with insufficient assets or income can still file a Chapter 7 bankruptcy, which if approved by a judge erases debts entirely after certain assets are forfeited. But those with income above their state's median income who can pay at least $6,000 over five years - $100 a month - will be forced into Chapter 13, under which a judge orders a repayment plan.\n\nIn calculating income, people filing for bankruptcy may deduct various expenses as defined by the Internal Revenue Service, including food and clothing, and some health and disability insurance expenses.\n\n* People seeking bankruptcy protection are required to take credit counseling courses within 180 days of filing.\n\n* It gives priority to a spouse's claims for child support among creditors' claims on a debtor in bankruptcy.\n\n* The law allows for special accommodations for active-duty service members, low-income veterans and those with serious medical conditions in the new income test for bankruptcy applicants.\n\n* The law supersedes the unlimited homestead exemptions in states including Florida, Iowa, Kansas, South Dakota and Texas that allow wealthy people to file for bankruptcy and keep their mansions sheltered from creditors. The law limits the exemption to $125,000 if the person in bankruptcy bought his or her residence less than three years and four months before filing.\n\n* It also requires billing statements for credit card accounts to include an example of how long it would take to pay off a balance at a specific interest rate if only minimum payments are made.\n\nThe law also makes it tougher for businesses that file for bankruptcy protection:\n\n* The law limits the exclusivity period, the 18-month span during which a company in Chapter 11 has the sole right to propose a reorganization plan. Debtor companies are no longer given unlimited extensions of the exclusivity period.\n\n* It limits the ability of companies to give lucrative pay packages as a way of retaining top executives.\n\n* Companies must decide within 210 days, or seven months whether they will keep or relinquish leases on property.\n\n* Creditors can seek to have a Chapter 7 liquidation filing dismissed or converted to a debt reorganization plan under Chapter 11. "\n\n\nBest of Luck,\n\nArmus
458379
Yes and no. If you have declared bankruptcy, 10 years. Non-payment and late payments...2-7 years. There is a reason people get bad credit...unless you change your ways, you will just keep on adding to the pile. 7 years is a very long time. Start today to clean it up, or nothing will have changed in 7 years. Good luck
271389
I think you can take it as many times as you want to pay the $250 it costs to take it. As far as an individual taking it for themselves, I'm really not positive. The company I work for allows you 3 tries, while some companies allow you once and will fire you if you fail.
622925
NOT TRUE!  YOU NEED TO REGAIN YOUR CREDIT, BY BUYING A CAR AT A BUY HERE, PAY HERE. IT WILL HELP YOU RE-ESTABLISH YOUR CREDIT IN TIME, USUALLY A COUPLE YEARS. ALWAYS WHEN BANKRUPTCY HAS BEEN FILED, TECHNICOLY THEY CAN HOLD IT AGAINS YOU FOR 10 YRS.
904315
Let me start by saying I am not a lawyer or credit counselor so take my advice for what it's worth.\n\nA huge majority of people who file for bankruptcy list loss of job and divorce as a reason for filing.  So don't feel bad about being forced to file.\n\nBy your question, lets assume that you could somehow convince these creditors to accept a lesser amount, and you now only owe $15,000, with no additional late fees or interest.  Yeah, right...pretend you just woke up in the land of OZ, but we'll pretend anyway.\n\nIf all you could afford is $100 a month it's going to take over 12 years to pay off this debt.  Very rarely will any creditor accept a plan that takes move then 3-5 years.  They are NOT going to  wait longer then that to get paid, so it's not likely your plan will work.\n\nNext option is to examine the debts.  How many are beyond the statute of limitations?  Those debts can be ignored.  It's going to trash your credit history for a few years, but so will a bankruptcy.  That may lower your debts a bit, but I don't think it's going to help you enough.\n\nThe other problem you may have is your side business.  If you set it up as a sole propriety and not a separate company, the BK court may want to include those assets and income into the plan, and that could cause problems.  \n\nThe new bankruptcy laws will most likely not allow you to file for a chapter 7, based on your comment that you can afford $100 a month toward your debts.  \n\nYou may not have any other options but to file, but you really need to discuss this with an attorney first.
230522
Actually, not everyone may file a 7 bankruptcy.\n\nYou must be eligible.\n\nA person who has had a chapter 7 discharge within the past 8 years may not file a chapter 7 bankruptcy case.\n\nA person may not file a chapter 7 bankruptcy if doing so is "abuse".  A case is presumed abusive if the person makes more than the national median income, approximately 40,000 for an individual and approximately 70,000 for a family of 4.  If a person's chapter 7 bankruptcy is "presumed abusive", he or she may still be able to file a chapter 7 case if the parson passes a somewhat complex "means test".  The means test determines whether a person has enough "current monthly income" to pay at least $10,000 to unsecured creditors over 5 years or at least $6,000 to creditors over 5 years if that results in paying at least 25% of the unsecured debt.\n\nA debtor must take a credit counseling session before being eligible to file a chapter 7 case.\n\nBankruptcy will discharge all of your dischargeable debts (but not taxes, student loans, domestic support obligations and others).  However, interest rates for a debtor for several years after a bankruptcy will be higher on loans or credit cards
694380
My wife is a bank manager. You can't buy a home with a conventional loan in a year or two if you file bankruptcy. Fight against it for as long as you can. I believe it stays on your record for seven years. Look for help from family and friends or private or public agencies who provide financial advice( They will work with your creditors in establishing a payment schedule.) Bankruptcy is your last resort. The government has made it much more difficult to do so in recent years.