The Social Security system is in place to help us through difficult times. Unfortunately, there are some instances in which the system makes our lives even more difficult than they need to be. The day I received the denial letter for my claim, I wasn't sure what I was going to do. After talking with a few friends, I contacted a lawyer. That was the best decision I had ever made. Even with the professional assistance, getting the denial overturned and getting the money that I was owed took several months. I have kept a clear journal of my experience and loaded it with information that can help others get through what can be an impossible time.
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Social security denial - a journal of assistance
Is It Too Early To File For Bankruptcy Again?
Alexis Garcia
For many people, bankruptcy is a one-time event that allows them to get back on their feet. For others, it can sometimes take more than one filing before they are able to become financially stable. If you are considering filing for bankruptcy again, here is what you need to know.
When Can You File Again?
You have the right to file for bankruptcy again as soon as your first filing is complete. There is a catch though. One of the main benefits of filing for bankruptcy is that some or all of your debts will be discharged. However, if you file for bankruptcy again before a certain period has passed, you cannot qualify for another discharge.
The period you have to wait to receive a discharge depends on the type of bankruptcy initially filed and the type you plan to file this time. For instance, if you filed for a Chapter 7 before and plan to do so again, you have to wait eight years before another discharge will be granted. By contrast, if you filed for a Chapter 7 before and plan to file for a Chapter 13 this time, you only have to wait four years.
Should You File for Bankruptcy Again?
Whether or not you file again is a personal decision, but before doing so, it is worth considering whether filing would be beneficial to you. One consideration you must make is whether filing will have an impact on the type of debt you have. For instance, if your debts primarily consist of child support and student loans, it is unlikely that filing for bankruptcy would help you.
You also need to consider your ability to pay your debts. If you previously filed for a Chapter 7, filing for a Chapter 13 might not result in a discharge, but you can take advantage of the repayment plan that comes with the filing. If you are in danger of losing your home or car, you could use the plan to catch up on your debts and possibly modify your agreement with your lender.
Even if you are unable to make an agreement with your creditors to pay them off with the repayment plan, you still have the advantage of the automatic stay. The stay will keep creditors at bay while you focus on raising the necessary funds to pay them.
Talk to a bankruptcy attorney like Stuart R Whitehair Attorney to learn more about your options for overcoming your financial difficulties.
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