How Often Can You File Bankruptcy in Alabama?

filing bankruptcy at loris law officeHow often you can file bankruptcy is an important question for Alabama residents. Knowing when you can file for bankruptcy helps you make a filing at the right time and avoid unnecessary fees. It also helps you plan for the future. The bankruptcy attorney Selma at Loris Law Firm explain the timeline for bankruptcy filings in Alabama.

How often can you file for bankruptcy in Alabama?

In Alabama, how often you can file for bankruptcy depends on the type of bankruptcy filing. Both the type of bankruptcy you file first and the type that you file second have an impact on the time period that you must wait between filings. The shortest period of time between filings is two years. The longest period of time is eight years. How often you can file hinges on what chapter bankruptcy you file.

Waiting period between bankruptcy filings in Alabama

The waiting period between different bankruptcy filings in Alabama is:

• Chapter 7 to Chapter 7 – Eight years from the date of first filing

• Chapter 7 to Chapter 13 – Four years from the date of first filing

• Chapter 13 to Chapter 7 – Six years from the date of filing; you may file sooner if you paid at least 70% to creditors in the first Chapter 13 filing

• Chapter 13 to Chapter 13 – Two years from the date of first filing

What happens if you file for bankruptcy too soon?

If you file for bankruptcy too soon after a previous filing, you can’t receive a full discharge of your debts. It’s important to determine ahead of time when you can go forward with a new filing. The bankruptcy attorney Selma at Loris Law Firm can help you determine what kind of bankruptcy you qualify to file, contact our office today.