How Long Before I Can File Chapter 7 Bankruptcy Again?

by Shakeal Masoud, Attorney at Law

LosAngelesBankruptcyLawyer20 How Long Before I Can File Chapter 7 Bankruptcy Again? How long before i can file Chapter 7 bankruptcy again? This has been a very common question this week. If you have filed a Chapter 7 bankruptcy and got your discharge, you must wait 8 years before filing for another Chapter 7 bankruptcy. On the other hand, if you have filed for Chapter 7 bankruptcy and have obtained a discharge and need to file a Chapter 13 bankruptcy you must wait 4 years from the date you filed Chapter 7 bankruptcy.

Many times, I counsel clients and give them financial strategies to implement to prevent another bankruptcy filing. The entire goal of bankruptcy is to give the debtor a fresh clean start to rebuild their credit and their finances. If you have been an avid reader of our posts you will know that such goals require planning and implementation. It won’t happen on its own. Planning is an important part of financial empowerment.  Being proactive about your finances, as opposed to reactive, is imperative.

So, if you have filed bankruptcy in the past and meet the time line requirements above, you do have bankruptcy as an option. But, planning correctly and outlining your goals can prevent a bankruptcy in the future.

If you have questions or concerns regarding your Chapter 7 or Chapter 13 bankruptcy, contact an experienced Los Angeles bankruptcy lawyer at Sky Law Group today!


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