When a person files for chapter 7 bankruptcy, the hope is that they keep their financial affairs in order. Certain steps in the bankruptcy process are design with the specific intent of preventing future bankruptcies. However, it is not unheard of for an individual to need a second go at bankruptcy. If you have filed for chapter 7 in the past and you find yourself in situation where you may need to repeat the process, then there are some things that you should know.
Do you have to wait to file again?
Most people would be surprised to learn that there is no code that specifically sets a time limit on a second bankruptcy filing after chapter 7. However, there are limitations set on the amount of time that you have to