Ask Experts Questions for FREE Help !
Ask
    lnza4's Avatar
    lnza4 Posts: 22, Reputation: 2
    New Member
    		  
    #1

    Jul 20, 2008, 08:31 AM
    How many times can one bankrupt?
    10 yrs ago I had to file for bankruptcy. Due to a disablility I can no longer produce an income. I owe 345K mortgage 30yrs and 275k in annunity. I'm 55yrs old and worked hard as hell to get out of debt only to find myself back to square one because of my illness. Is there restrictions on how many times one can claim bankruptcy? This would be my third one? Help!
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #2

    Jul 20, 2008, 08:35 AM
    Quote Originally Posted by lnza4
    10 yrs ago I had to file for bankruptcy. Due to a disablility I can no longer produce an income. I owe 345K mortgage 30yrs and 275k in annunity. I'm 55yrs old and worked hard as hell to get out of debt only to find myself back to square one because of my illness. Is there restrictions on how many times one can claim bankruptcy? This would be my third one? Help!


    It's my understanding that there is no limit to the number of times a person can file; however, if the Court determines that piling up bills and then discharging them in bankruptcy is a pattern or way of life they can refuse to discharge the debts.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Process for bankrupt [ 1 Answers ]

What is the process to file for bankrupt?

If I go bankrupt [ 2 Answers ]

If I go bankrupt and I need my car as I'm disabled can the take my car

View more questions Search