Multiple Bankruptcies
If you are facing a seemingly insurmountable wall of debt, and you are struggling to keep up with your expenses, you may want to consider filing for bankruptcy. While there are certain concessions that must be made when you file, there are also several benefits, such as a financially liberated future.
If you choose to file for bankruptcy, you should be aware of the short term and long term repercussions. While bankruptcy may prevent you from obtaining loans or additional credit cards in the immediate future, it can enable you to rid yourself of debt. Additionally, it is important to consider that once you file for bankruptcy, you may not be eligible for future filings.
If you are considering filing for bankruptcy, you should speak with an experienced bankruptcy attorney about your individual circumstances. Call the New Orleans bankruptcy attorneys of the Law Office of David D. Kervin, Jr., LLC at 504-599-5906 to determine whether or not bankruptcy is the right option for you and your family.
Bankruptcy Restrictions
If you have already filed for bankruptcy once, you may be ineligible or have restricted eligibility for filing again. Depending on your previous filing, your financial situation, and the state in which you live, the following restrictions may apply:
- If you have previously filed for Chapter 7 bankruptcy, you may not file again for 8 years
- To be eligible for a second bankruptcy, the debts from your first bankruptcy must be resolved
- If you originally filed for Chapter 13 bankruptcy, you may file for Chapter 7 if you have repaid most of your debts but are struggling to repay the rest.
If you are stuck in a financial rut, bankruptcy may be the right way out for you and your family. Contact a bankruptcy attorney today to discuss your case and determine your options.
Contact Us
For a free case evaluation, contact a New Orleans bankruptcy attorney from the Law Office of David D. Kervin, Jr., LLC today by calling 504-599-5906.