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If you have been bankrupt in the past and have also fall victim to the headlong fall in the economy, you might probably be thinking about the number of times a person can file for bankruptcy. Receiving a discharge in the most recent bankruptcy and kind of bankruptcy that was filed, will determine whether a person will be allowed to re-file a bankruptcy or not.
You can file for bankruptcy as many times as you want, but there is a limit on how frequently you can file for it. Once you have received a discharge in a Chapter 13 bankruptcy, you cannot file for a Chapter 7 bankruptcy unless the following conditions are fulfilled:
- It’s been six years since you have received a discharge in your Chapter 13 bankruptcy case.
- At least 70% of the unsecured claims of your Chapter 13 case have been paid by you and the plan reflected the best efforts to pay made by you.
In case of a Chapter 7 bankruptcy, you cannot file for it again before 8 years from the date you received a discharge in your previous Chapter 7 filing.
If your previous Chapter 7 or Chapter 13 case got dismissed and you did not receive a discharge because of your failure to obey the orders of the court or because of your request for a dismissal, you can again file for a discharge under a Chapter 7 bankruptcy after 180 days from the dismissal of your previous filing.
Thus, there is no limit to the number of times you can re-file a bankruptcy, provided you follow the above mentioned time restrictions. But it is always smart to consult and take guidance from a competent bankruptcy attorney before again and again filing for bankruptcy. To contact the best bankruptcy attorneys of Los Angeles & Dallas, TX, visit Recovery Law Group or call on 888-297-6203.