How Often Can You File Chapter 7?


Quick Answer

People may file for Chapter 7 bankruptcy eight years after filing a prior Chapter 7 case or six years after filing a prior Chapter 12 or 13 case, according to Lawyers.com. Chapter 7 bankruptcy is generally used by low-income debtors who have little or no assets.

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Full Answer

Chapter 7 bankruptcy is a legal process designed to relieve debtors of general unsecured debts, such as credit card and medical bills, notes Nolo. To be able to file for Chapter 7 bankruptcy, the debtor must meet certain income thresholds and have little or no disposable income. A trustee is appointed to handle the case and sell nonexempt property to pay creditors to the extent possible.

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