Time Restrictions for Joint Bankruptcy
The potential of filing for bankruptcy can create tremendous stress for you and your family. Not knowing whether or not you can make your mortgage payment can wear on you physically and mentally, but you do not have to face this time alone. In some instances, married couples can file for joint bankruptcy. This process saves the couple time and money as opposed to filing two separate petitions and it also gets both partners away from harassing creditors.
As is true when filing for separate bankruptcy, there are time restrictions that determine whether or not one or both spouses can file for bankruptcy a second time. If you have any questions about filing for bankruptcy, contact the Boston bankruptcy lawyers of Joshua Spirn & Associates today at 800-975-5346 to schedule a free consultation to discuss your legal options.
Time Constraints
Bankruptcy laws are very specific as to how often one can file for bankruptcy in the United States. If one or both spouses have applied for bankruptcy in the past, they both have to wait the appropriate amount of time before applying again. The time restrictions are:
- You must wait eight years before refilling for Chapter 7 bankruptcy
- If you have filed for Chapter 13 bankruptcy in the past and want to reapply you must wait two years
- If you applied for Chapter 13 in the past and want to apply for Chapter 7 you must wait four years
Contact Us
If you and your spouse believe that joint bankruptcy may be the right choice to set you on the path forward, we can help. To speak with a professional legal representative about your financial options, contact the Boston bankruptcy lawyers of Joshua Spirn & Associates today at 800-975-5346.
