Can I only file bankruptcy once? Can I file bankruptcy twice? Can I file bankruptcy three times? Would you be surprised to learn there is actually NO limit on the number of times you can file bankruptcy? However... there are limitations. (Yes, there is a difference!) There are two chapters of bankruptcy most often used [...]
Chapters of Bankruptcy - the kind you file is going to be based on your needs and qualifications. Part of the Bankruptcy Information Sheet provided by U.S. Trustee Program explains each as follows: Chapter 7 – A trustee is appointed to take over your property. Any property of value will be sold or turned into [...]
Will you get rid of all of your debts when you file for bankruptcy? It depends. What kind of debts do you have going in to the case? What type of case are you filing? What do you mean by 'get rid of' debts? The U.S. Trustee Program provides a Bankruptcy Information Sheet which gives [...]