How common is it for people to file for bankruptcy more than once?

 

How common is it for people to file for bankruptcy more than once?
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Tim Cella
used to work at several law firms

I’ve seen some people file bankruptcy several times. We’re talking more than 5 times.

So, it’s not uncommon for people to file for bankruptcy more than once. According to the American Bankruptcy Institute, nearly 10% of all bankruptcy filers file for bankruptcy more than once and my own personal experience shows that this is the case.

Also, you should know that there are negative consequences to filing multiple cases. At least in Utah, the court will mark your file as a “repeat filer” if you file several cases. You can also lose protection from the automatic stay if your file more than twice in a 12 month period.

Make sure you speak with a bankruptcy lawyer if you are going to file bankruptcy. This firm will do free consultations.

Ascent Law LLC

8833 S Redwood Road Ste C

West Jordan UT 84088

(801) 676-5506

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Ascent Law helps you in divorce, bankruptcy, probate, business or criminal cases in Utah, call 801-676-5506 for a free consultation today. We want to help you.
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Ascent Law LLC 8833 S Redwood Rd Suite C, West Jordan, UT 84088 (801) 676-5506 https://www.google.com/maps/place/Ascent+Law+LLC/@40.5905813,-111.9367847,17z/data=!3m1!4b1!4m5!3m4!1s0x875288c711bb118b:0xc45de8cb0edee294!8m2!3d40.5905813!4d-111.9367847 H3R7+67 West Jordan, Utah 40.5905813,-111.9367847
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