Vail, CO Bankruptcy Law Firms & Lawyers

You are fine if that is all you did. The real issue is whether or not paid any family back money that they lent you, or transferred assets for less than their fair market value. Understand that bankruptcy is a very complicated process. It is wise to talk to an experienced bankruptcy attorney before deciding to take this important step. Most Arizona bankruptcy attorneys offer a free consultation about the basics of bankruptcy.

There are two types of bankruptcy, the Chapter 7, which is the standard bankruptcy, and the Chapter 13, which is the bankruptcy process where you propose a full or partial repayment plan. You are only eligible to file Chapter 7 once every 8 years. The only thing that matters is the date you filed, not the date you were discharged. If you need bankruptcy protection & it hasn't been 8 years since you previously filed a chapter 7 and received a discharge, you could file Chapter 13 and make monthly payments until you become eligible to file another chapter 7.