this post was submitted on 26 Dec 2023
648 points (95.8% liked)
Memes
45727 readers
827 users here now
Rules:
- Be civil and nice.
- 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
view the rest of the comments
Useless endeavor if the individual in question doesn’t change their spending habits. Be right back fucked again in a few years.
Can you declare bankruptcy again?
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:
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.