d{"id":7471,"date":"2021-09-09T11:55:38","date_gmt":"2021-09-09T17:55:38","guid":{"rendered":"https:\/\/demarcomitchell.com\/?p=7471"},"modified":"2023-05-01T15:02:19","modified_gmt":"2023-05-01T21:02:19","slug":"file-for-bankruptcy-in-texas","status":"publish","type":"post","link":"https:\/\/demarcomitchell.com\/file-for-bankruptcy-in-texas\/","title":{"rendered":"How Many Times Can You File for Bankruptcy in Texas?"},"content":{"rendered":"\n[et_pb_section fb_built=”1″ _builder_version=”3.27.3″ custom_padding=”0px||0px|||”][et_pb_row _builder_version=”4.0.6″][et_pb_column type=”4_4″ _builder_version=”3.27.3″][et_pb_post_title title=”off” author=”off” comments=”off” featured_image=”off” _builder_version=”4.0.6″ meta_font=”|700||on|||||” meta_text_color=”#6a152a” meta_font_size=”14px” meta_letter_spacing=”1px”][\/et_pb_post_title][et_pb_post_title meta=”off” _builder_version=”4.0.6″ title_font=”Montserrat|700|||||||” title_text_color=”#2b7c8f” title_font_size=”64px” title_line_height=”1.2em” title_font_size_tablet=”50px” title_font_size_phone=”24px” title_font_size_last_edited=”on|desktop” locked=”off”][\/et_pb_post_title][et_pb_blurb title=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9hdXRob3IiLCJzZXR0aW5ncyI6eyJiZWZvcmUiOiJXcml0dGVuIGJ5ICIsImFmdGVyIjoiIiwibmFtZV9mb3JtYXQiOiJkaXNwbGF5X25hbWUiLCJsaW5rIjoib2ZmIiwibGlua19kZXN0aW5hdGlvbiI6ImF1dGhvcl9hcmNoaXZlIn19@” image=”https:\/\/demarcomitchell.com\/wp-content\/uploads\/2019\/11\/demarco-blog.jpg” icon_placement=”left” image_max_width=”48px” content_max_width=”1100px” _builder_version=”4.0.6″ _dynamic_attributes=”title” header_font=”Cardo|700|||||||” body_font=”||||||||” body_line_height=”1em” background_color=”rgba(0,0,0,0)” border_radii_image=”on|70px|70px|70px|70px” locked=”off”][\/et_pb_blurb][et_pb_text _builder_version=”4.9.7″ text_line_height=”1.8em” text_orientation=”justify” max_width=”600px” module_alignment=”center” text_text_align=”justify” locked=”off”]

How many times can you file for bankruptcy? This is a question that many people ask themselves when they are in the midst of financial ruin and looking at their options. The truth is, there isn\u2019t a limit on how often you can file for bankruptcy. If your situation continues to worsen and there doesn\u2019t seem to be an end in sight, then filing for bankruptcy may be one of your best options. In this article, we will discuss how often you can file <\/span>bankruptcy in Plano, Texas<\/span><\/a>.<\/span><\/p>\n

What is the Maximum Number of Bankruptcies You Can File in Texas<\/b><\/h2>\n

Generally speaking, you can file for bankruptcy as many times as needed. However, there are limitations on the number of bankruptcies you can file without receiving a court order to allow more filings. Also, you may file but not receive a debt discharge in some circumstances, so proceed with caution.<\/span><\/p>\n

How Long Do I Have to Wait between Filings for Bankruptcy?<\/b><\/h2>\n

This is a question that we get asked quite often. It\u2019s essential to understand the answer because it can be confusing and because the timing may determine your eligibility for the type of bankruptcy you want. There are certain waiting periods between types of filings, and this varies by chapter.<\/span><\/p>\n

The time constraints are determined by the United States Bankruptcy Code and the chapter under which you file. It begins on the day you filed your previous bankruptcy petition, not the date of discharge or stay. Only bankruptcies in which your debts have been discharged are subject to these time constraints.<\/span><\/p>\n

Chapter 7 to another Chapter 7 bankruptcy<\/b><\/h3>\n

If you\u2019ve previously used <\/span>Chapter 7 bankruptcy<\/span><\/a> to discharge debts, you must wait eight years to file another Chapter 7 case. If you\u2019re in debt again, it doesn\u2019t mean you\u2019re out of options.<\/span><\/p>\n

Chapter 7 now filing for Chapter 13 bankruptcy<\/b><\/h3>\n

If you\u2019ve already filed for Chapter 7 and want to file for Chapter 13 bankruptcy, you must wait four years between cases, and there is no exception if your case was dismissed or closed without receiving a discharge order (debt forgiveness).<\/span><\/p>\n

As long as your financial situation stays in dire straits, it may be possible to file again but only at set intervals depending on which chapter of bankruptcy you choose. Nevertheless, filing more than once does not mean that all debts will go away forever with just one filing \u2013 so proceed with caution!<\/span><\/p>\n

Chapter 13 to another Chapter 13 bankruptcy<\/b><\/h3>\n

Filing multiple cases under either chapter may be possible too, but there are consequences and restrictions: In most situations, someone cannot file two cases back-to-back (a new petition filed after dismissal or closure of another bankruptcy) without receiving permission from their local U.S. Federal Court before doing so. Also, only if all your creditors accept your repayment plan can you file successive Chapter 13 petitions, which must occur at least two years apart \u2013 otherwise, it\u2019s considered abusive, and the court might not allow you to proceed under <\/span>Chapter 13 bankruptcy<\/span><\/a>.<\/span><\/p>\n

Chapter 13 now filing for Chapter 7 bankruptcy<\/b><\/h3>\n

Before you can file another Chapter 7, you must wait six years or make complete payment on your Chapter 13 repayment plan. If there are exceptional circumstances, the court may waive the time constraints.<\/span><\/p>\n

Chapter 11 Bankruptcy<\/b><\/h3>\n

Filing for <\/span>Chapter 11 bankruptcy<\/span><\/a> is another option that many debtors choose when attempting to reorganize their financial situation. However, you cannot file more than once every six years without the permission of the Federal Court.<\/span><\/p>\n

There is no limit on how many times you can file for bankruptcy, as long as it\u2019s done within a specific timeframe and with permission from your local federal court. If particular circumstances exist or multiple filings without permission, this could be considered abusive, and the courts will not permit such actions \u2013 so consult a <\/span>bankruptcy lawyer<\/span><\/a> first!<\/span><\/p>\n

How Long Will Bankruptcy Last?<\/b><\/h3>\n

Bankruptcies can last between three and five years or ten years, depending on filing under Chapter 13 or Chapter 7. If you are in a position where bankruptcy might be an appropriate solution to your debts, then it\u2019s best to speak with a qualified<\/span> bankruptcy attorney<\/span><\/a> who specializes in this area of law so they can help answer any other questions that you might have related to how often someone can declare bankruptcy before there are no options left but the liquidation of assets by court order.\u00a0<\/span><\/p>\n

Advantages of Filing for Bankruptcy in Texas<\/b><\/h2>\n

If you have accumulated too much debt and cannot pay your creditors, it may be time to consider bankruptcy as an option. There are many benefits of filing for bankruptcy in Texas. Some of the benefits are:<\/span><\/p>\n