Thursday, June 23, 2016

Can I File for Bankruptcy More than Once in Georgia?

If your debt is out of control and you have no way to pay it off, bankruptcy can be a positive solution. King & King can help you discharge or eliminate your debts and obtain a clean financial slate.

If you have taken advantage of bankruptcy in the past, but you have found yourself in the position of needing debt relief again, you may be wondering if you are eligible to file for bankruptcy again. The answer is yes. The type of bankruptcy you filed before will have an impact on both the type of bankruptcy protection you may be eligible to seek and how long you need to wait before you can file again.

Generally, the rules for filing a second bankruptcy are as follows:
If you filed Chapter 7, you will have to wait 8 years before filing Chapter 7 again.
If you filed Chapter 7, you may file another Chapter 13, but you may not be eligible for a discharge until 4 years have passed.

Every situation is different and speaking to a qualified bankruptcy attorney should be your next step. Our attorneys will be able to review your current situation and advise you of the bankruptcy options available to you. Call King & King bankruptcy attorneys today for a free initial consultation. 404-524-6400 or visit us online at for more information. - Personal Finance Blogs