Legal Question in Bankruptcy in Kentucky

bankruptcy

i know some one that filed bankruptcy 5 yrs ago can they file again


Asked on 3/27/08, 11:45 am

2 Answers from Attorneys
Brian Ousley Law Office of R. Brian Ousley

Re: bankruptcy

No, a person can only file once every eight years.

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Answered on 3/27/08, 12:07 pm
E. Brian Davis Davis Law Office

Re: bankruptcy

The law has changed since they filed. If they filed and received a discharge in a Chapter 7 bankruptcy five years ago, then they are not now eligible to file another Chapter 7 and receive a discharge -- the wait is now eight years.

They could, however, file a Chapter 13 bankruptcy if they have enough income to fund a confirmable plan and are otherwise eligible (debt limits and so forth).

Consult with a consumer bankruptcy expert for a more detailed response. Try the National Association of Consumer Bankruptcy Attorneys -- www.nacba.org.

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Answered on 3/27/08, 8:25 pm


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