How Often Can Someone File For Bankruptcy In Ohio?
Filing for bankruptcy can help many individuals find financial freedom and recover from hardships. Sometimes, an individual may need to file for bankruptcy more than once. This is more common than many people realize. In Ohio, there is no limit to how many times someone can file bankruptcy, but there are waiting periods that will determine when you can receive another discharge.
What Is A Bankruptcy Discharge?
A bankruptcy discharge is an order granted by the court that will legally remove the responsibility to repay certain debts you have. Once a bankruptcy discharge is granted, you will no longer be responsible for paying certain debts back to creditors, and they legally have to stop contacting you and cannot take any legal action for collection. Getting your bankruptcy discharged is the main goal when you file, and it is the key to giving you a fresh start.
What Is A Bankruptcy Dismissal?
A bankruptcy dismissal is when the court does not grant a discharge. Your bankruptcy case will be closed without eliminating your debts, and you will still be responsible for paying them back. Creditors will be able to send you bills and file lawsuits if you do not pay your debts. In most instances, an Ohio bankruptcy case is dismissed if paperwork is filed incorrectly, payments are missed, or instructions are not followed. It is important to ensure that all necessary documents are submitted correctly so your financial relief is approved and your case is granted a discharge in bankruptcy court.
How The Difference Between Discharge And Dismissal Can Affect Your Case
Understanding the difference between discharge and dismissal is crucial if you are looking to file for bankruptcy for a second time. If you have had a prior discharge, there are waiting periods that you must abide by before being allowed to file for bankruptcy again. If you file too soon after your last bankruptcy, your case could be dismissed, and you will not be able to get your financial relief. Understanding the rules and bankruptcy laws in Ohio is important so you have the best chance at receiving the financial relief you need.
What Are The Waiting Periods For A New Discharge?
If you have previously filed for bankruptcy in Ohio and your case was successfully discharged, you will need to follow a certain timeline before you can file again. Different types of bankruptcy play a factor in the timing of your next bankruptcy filing. Below, we have laid out the waiting periods required for each type of bankruptcy filing so you can determine when you are qualified to apply for financial relief again.
Filing Chapter 7 Again
If you have previously filed for Chapter 7 bankruptcy, there is an eight-year waiting period before you can file again.
Filing Chapter 13 Again
There is a two-year waiting period after filing Bankruptcy Chapter 13 to be able to apply for another Chapter 13 discharge.
Filing Chapter 7 After Filing Chapter 13
If you have previously filed Bankruptcy Chapter 7 and are now looking to file for Chapter 13, there will need to be a four-year waiting period in between the two discharges.
Filing Chapter 13 After Filing Chapter 7
After the completion of Chapter 13, you must wait six years until you can file for Chapter 7.
It is important to note that even if you wait the required time between your bankruptcy filings, your case could be dismissed, you may not receive a discharge, and your debts may not be erased. This decision is determined by the court. Working with a bankruptcy attorney can help you understand what options you have when filing.
What Debts Cannot Be Discharged in Bankruptcy Court?
Some debts are protected by law and cannot be discharged. Even in the event that your bankruptcy case proceeds, there are some debts that you will need to pay back. Some of these debts are student loans, child support, alimony, taxes, court fines, and criminal restitution. It is important to understand the debts that you have and whether they can or cannot be eliminated. Working with an experienced bankruptcy attorney can help you understand the potential of filing for bankruptcy and how you can make the most out of your fresh start.
What Happens To Your Credit After Filing For Bankruptcy Twice?
Filing for bankruptcy can have a significant impact on your credit. When you file for Chapter 7, it stays on your credit report for up to ten years. Filing Chapter 13 bankruptcy can stay on your credit report for up to seven years. If you file for bankruptcy twice, there will be an even greater effect, especially if your second filing is filed within a certain timeframe of your first. Though filing for bankruptcy can make your credit score drop dramatically, it can allow you a chance to rebuild and recover from financial hardship. Over time, your credit will improve, and you will be able to avoid dealing with never-ending fees, interest charges, and collection calls.
Call Jump Legal Today To Speak With A Bankruptcy Attorney
Everyone deserves a chance to find stability and financial freedom. At Jump Legal, we help individuals who are thinking about bankruptcy and help them find the best path towards financial relief. Our team is here to guide you every step of the way with compassion and care. Contact us today to learn more about the options that are available to you so you can take one step closer to financial freedom.
Let Our Bankruptcy Attorneys Help You Take The Next Step Towards Filing Bankruptcy
Whether you are just starting and have questions or are ready to start filing for bankruptcy, the Ohio bankruptcy attorneys at Jump Legal can help you understand your options. Schedule a consultation today and get on the path to financial freedom.
Contact Jump Legal Group
Columbus, Ohio 43215
Phone: (614) 481-4480 | Fax: (614) 696-6481
