Many people are surprised to learn that you can file for bankruptcy more than once. You will need to follow certain guidelines in order to qualify for bankruptcy a second time, most having to do with the waiting periods between filings. For example, if you filed for bankruptcy Chapter 7 the first time, you will need to wait 8 years before you can file for Chapter 7 again.
You will only have to wait 4 years if your previous bankruptcy was a Chapter 13, and you plan to file for Chapter 13 a second time. If you initially filed for a Chapter 13 and are now seeking bankruptcy protection under Chapter 7, the waiting period is six years. A Chapter 13 can be filed after two years if your first bankruptcy was a Chapter 7. The same first time procedures for filing apply to your second time as well, including:
Credit counseling class before your petition is filed
A bankruptcy hearing
Completing a financial management class after your hearing and before your case is officially
If you are experiencing financial problems and were previously granted a bankruptcy, a Michigan bankruptcy lawyer can make sure that you are fully informed of the laws pertaining to a second filing and how they apply to your particular situation.
The Bankruptcy Process in Michigan
The bankruptcy process can be complex, especially if you are filing for a second time. Not only will you need to meet the requirements for a second filing, your creditors may be more difficult to work with. You should also expect the court to conduct a thorough review of your finances before a second bankruptcy is approved.
Attentive Service As You File the Second Time Around
We wll work with you one-on-one, and make sure you are in full compliance with filing statutes before your petition is submitted. we provide our clients a very high level of service and can discuss how to proceed with a seond filing during a free initial consultation.
Call us for a free consultation 734-722-2999