Compile the following information, and contact a bankruptcy attorney to discuss your options:
• Amount of debts, by categories of debt (e.g. credit cards)
• List of any very valuable assets (generally more than $1,000 in value)
• Calculation of average current monthly income
• List of monthy living expenses.
Tag Archives: bankruptcy
How often can you file for bankruptcy?
Filing bankruptcy can adversely affect your ability to obtain future credit, rent housing and even negatively impact a job application. Any decision to file must be carefully considered.
o Chapter 7 – can be filed every 8 years from a previous Chapter 7 filing, or 6 years from a prior Chapter 13 filing.
o Chapter 13 – ANYTIME, although discharge in granted only in cases where the case is filed 4 years from a prior Chapter 7 filing, or 2 years from a prior Chapter 13 filing.
Who can file bankruptcy?
With few exceptions, any person or business owing money to a creditor can file a bankruptcy petition. Citizenship is not a requirement.
