I Got My Discharge In Chapter 13 And Now I Have New Debts…What Do I Do?

Chapter 13 bankruptcy is a wonderful way for people who have dealt with a large financial blow to get back on track.  Following a divorce, loss of a job, or loss of a business enterprise, Chapter 13 bankruptcy has helped millions of people get their lives and finances back together after enormous losses.  However, let’s say you received a Chapter 13 bankruptcy and spent the past 3-5 years paying off your debts—only to be hit at the end of it with another bad blow, sending you straight back in to financial ruin.  What now? 

Don’t worry, there is still hope.  After the 2005 amendments in the U.S. Bankruptcy code, the timeline restrictions for filing another bankruptcy were given more flexibility for situations exactly like yours.  If you filed a Chapter 13 bankruptcy and six years have passed since your filing, there are certain circumstances in which you file again.  The laws are very particular on this but if you filed a Chapter 13 originally and were unable to pay at least 70% of it, you can file a Chapter 7.  Or, you could potentially file another Chapter 13 if only two years have passed since you filed the first. 

Even if you have previously filed bankruptcy, there may be factors within your specific circumstances now that will allow you to file again.  Since the U.S. bankruptcy court looks at each case individually, we at the Bankruptcy Law Clinic can provide you with a qualified and experienced Florida bankruptcy attorney who can look at your situation and help you determine the best course of action to protect your family and assets from financial distress. 

Even if bankruptcy is not an option, we will be able to direct on how to get back on track financially, regardless of your current financial circumstances.  Don’t try to face the situation alone—professional help can be just the ticket to get you back on your feet without the stress you are currently facing.