Archives for July 2023

Sometimes financial difficulties can continue after filing for bankruptcy, leaving many wondering if they can file for bankruptcy a second or third time to tackle lingering issues. The answer is technically yes, an individual can file for bankruptcy again, but whether debts will be discharged in a repeat filing depends on the timing and whether an individual files the same type of bankruptcy. If an individual files under Chapter 7, they will need to wait 8 years after filing to seek another … [Read more...]

Bankruptcy protection is a strategy for businesses and individuals to discharge debts and resolve disputes with creditors. Bankruptcy offers a fresh financial start to those facing financial difficulties, providing needed breathing room from creditor actions to reorganize or liquidate debt. There are six different types of bankruptcies: Chapters 7, 9, 11, 12, 13 and 15. Chapter 9 is used by municipalities. Chapter 12 applies to family farmers and fisherman, Chapter 13 bankruptcy is a … [Read more...]