If You Are Still Having Financial Difficulty After Filing Bankruptcy
Many people mistakenly believe that they can only file bankruptcy one time in their lives. The truth is that bankruptcy law allows you to file under Chapter 7 bankruptcy if it has been more than eight years from a bankruptcy in which you received a discharge. There is no limit to the number of times you can file under Chapter 13. There are certain constraints, however, that limit how frequently you are allowed to file for bankruptcy.
If you have filed for bankruptcy in the past and find yourself in the position of needing additional relief from your debts, you should talk to an experienced Arizona bankruptcy lawyer who knows the law and can help you understand your options. From our offices in Phoenix, Mesa and Tucson, the Law Offices of Farnsworth Mortensen, PLLC represents clients in all aspects of consumer bankruptcy matters.
Helping You Understand Your Rights
In short, you can file for Chapter 7 bankruptcy once every eight years, and you can file for Chapter 13 bankruptcy after four years from a previous Chapter 13 that resulted in a discharge. There has been some debate among trustees and others in the bankruptcy community as to whether filing under a different chapter or taking other actions after an initial bankruptcy should extend the time you need to wait before filing again. This is often referred to as "tolled time."
When you filed last isn't the only consideration in these matters. Timing is everything. When you hire our firm, we will take the time to explain your legal options with regard to filing bankruptcy again. We will review your previous filings and your current situation in order to make the best recommendation about obtaining the relief you need.
Committed to a Brighter Future for You and Your Family
We understand how upsetting it can be when you continue to face financial difficulty, especially when your first bankruptcy filing didn't provide the complete relief you needed. Our attorneys offer a free initial consultation where you can get your questions answered without obligation. Contact our office today to schedule an appointment.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
