519-646-2222How many times can someone go bankrupt:
There are no set limits on how many times an individual can file for bankruptcy.
However, the outcome on application for discharge may be different for each subsequent bankruptcy. A first or second time bankrupt is usually entitled to an automatic discharge. A person filing for three or more times will be required to attend in court for a discharge hearing and will often have their discharge suspended for an extended period.
A first time bankrupt, without surplus income, will usually be bankrupt for 9 months and then entitled to an automatic discharge. If the first-time bankrupt has surplus income s/he will remain in bankruptcy for a total of 21 months before being entitled to an automatic discharge.
A second time bankrupt, without surplus income, will be bankrupt for 24 months before obtaining an automatic discharge. A second time bankrupt, with surplus income, will be bankrupt for 36 months before being able to obtain an automatic discharge.
A person filing for a third, or more, time(s) will be required to attend in court for a discharge hearing following at least the same time frames as a second time bankrupt.
As long as they have been discaharged from the previous bankruptcy they may file another – but why would anyone want to?