My husband and I filed bankruptcy in or around 1999/2000, we've been separated since then, I have run into some difficult times living on my own and I'm thinking about filing for bankruptcy. Would I be able to file bankruptcy again?
2007-05-29 02:33:17 · 6 answers · asked by QueLinda 1 in Business & Finance ➔ Personal Finance
Generally you will be automatically freed from bankruptcy (known as “discharged”) after 1 year. If your bankruptcy order refers to a “certificate of summary administration”, you will be discharged after 2 years - for details of summary administration, see section 18. You will also become free from bankruptcy immediately if the court annuls (cancels) the bankruptcy order; this would normally happen when your debts and the fees and expenses of the bankruptcy proceedings have been paid in full or the bankruptcy order should not have been made.
On the other hand, if you have not carried out your duties under the bankruptcy proceedings, the Official Receiver may apply to the court for your discharge to be postponed. If the court agrees, your bankruptcy will only end when the suspension has been lifted and the time remaining on your bankruptcy period has run.
You will not get an automatic discharge from bankruptcy if you have been an undischarged bankrupt at any time during the 15 years before the current bankruptcy (unless the previous bankruptcy has been annulled). If this applies to you, and you wish to obtain your discharge, you must ask the court. You may do this at any time after 5 years from the date of your current bankruptcy order. Even then the court may refuse or delay your discharge, or grant it conditionally on terms requiring you to make some payments out of your income.
2007-05-29 02:38:55 · answer #1 · answered by minty359 6 · 0⤊ 0⤋
Since the new bankruptcy law that was passed in 2005, one now has to wait for 8 years between bankruptcy petitions. I know exactly how you feel. I know about divorce and getting slapped with ALL the debt my ex had because of a sexist judge in Texas by the name of Robert T. Dry. Because I wasn't sure how things worked I got all the debt we had accumulated during our marriage and I have recently filed
bankruptcy. Not only all the debt, my job was outsourced by our present chimp and talk about a mess. Good luck to you!
2007-05-29 02:47:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I have a friend who has filed 3 damn times and has more stuff than i ever will. I just don't understand it. Yes you can file again-learn from your mistakes though. There is a chapter 13 which i guess isn't quite as bad as a 7 b/c you pay back some of what you owe.
2007-05-29 02:45:04 · answer #3 · answered by trixibel 6 · 0⤊ 0⤋
Yes you can file bankruptcy again. But i would recommend you to update yourself with the proper and exact information for your issue. i would recommend you to go through the following website to get the correct and brief information. Thanks
http://www.usalegalcare.com/Bankruptcy.htm
2007-05-30 19:52:26 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes, it's perfectly legal to file after seven years.
2007-05-29 02:36:20 · answer #5 · answered by Cherokee Billie 7 · 0⤊ 0⤋
some people learn from their mistakes... others try to learn how often they are allowed to get a freebie...
2007-05-29 02:37:22 · answer #6 · answered by bettiewoeswoes 2 · 2⤊ 2⤋