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Atlanta Bankruptcy Expert and Attorney Lorena Saedi
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Atlanta Bankruptcy Expert and Attorney Lorena Saedi2020-01-24 08:30:452020-05-04 16:05:22How Do You Deal with Timeshares in Bankruptcy?![There is actually no #limit on the number of #times you can file for #bankruptcy in #Georgia. However, there is a limit on the number of times the courts will discharge your debts. Most of the time, the only reason people file for bankruptcy is to have their debts discharged, but that isn’t always the case.
Bankruptcy law doesn't set a minimum period that you must wait before filing for bankruptcy a second time. However, there's a catch. If you file too soon after wiping out debt in a previous case, you won't be eligible for another debt discharge.
Running into Difficulties with Repeat Bankruptcy Filings
There may be no legal limit on how many times you can file for bankruptcy in Georgia but the courts will take a good look at why the debtor is filing for a subsequent bankruptcy.
The U.S. Courts explain: “A fundamental goal of the federal bankruptcy laws enacted by Congress is to give debtors a financial ‘fresh start’ from burdensome debts. The Supreme Court made this point about the purpose of the bankruptcy law in a 1934 decision: ‘[I]t gives to the honest but unfortunate debtor … a new opportunity in life and a clear field for future effort, unhampered by the pressure and discouragement of pre-existing debt.’”
If you have filed for bankruptcy multiple times, the courts will have a greater degree of scrutiny when assessing the situation.
🎥Watch our recent video with more detail about this topic: https://youtu.be/sgjnZfMd6Dc
Here are some common questions we hear about filing bankruptcy: 👇
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Review some our recent case results👇
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📲For more information about Chapter 13 and Chapter 7 bankruptcy:
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QUESTIONS ABOUT BANKRUPTCY? 👇👇Check out the links below 👇👇
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