this post was submitted on 26 Dec 2023
648 points (95.8% liked)

Memes

45727 readers
827 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] RememberTheApollo_@lemmy.world 1 points 11 months ago (7 children)

Useless endeavor if the individual in question doesn’t change their spending habits. Be right back fucked again in a few years.

[–] ExLisper@linux.community 11 points 11 months ago (6 children)

Can you declare bankruptcy again?

[–] confused_code_monkey@lemm.ee 1 points 11 months ago

Yes, there is NO limit on the number of bankruptcies you can file for. However, there are time limits between filling dates. Here's what a Forbes article mentions about it:

Just as there are different types of bankruptcy, there are different rules for how often you can file bankruptcy. The waiting period to file another bankruptcy case generally ranges from two to eight years, depending on the type of bankruptcy. In some situations, there may be no waiting period.

However, good luck getting creditors for years after filing for a bankruptcy. I imagine very few will trust you / loan you money, except for the most predatory (i.e. loan sharks). And if you did go with a predatory source, a future bankruptcy may not help you discharge the debt given predatory sources commonly operate outside of the law.

load more comments (5 replies)
load more comments (5 replies)