It can happen to any one of us. One catastrophe can happen after another. You might have started a business 10 years ago that failed miserably right? That caused the first bankruptcy. 5 years ago you might have been diagnosed with brain cancer. While you beat it, the illness left you with an insurmountable pile of medical debt. That led to the 2nd bankruptcy… Now what?
Today, your spouse tell you that he is calling it quits causing you a significant income drop, huge lawyer fees, and medical bills from therapy not to mention increased credit card balances because you are trying to live while this is all going on. Does this sound like a nightmare? Well, it is. For a lot of St Cloud Minnesotan’s having debt has been no picnic, it’s been a real nightmare. We just have to find a solution to solve it. That’s where the St Cloud Bankruptcy Lawyers at Kain & Scott can help…
The Bankruptcy Code states that you can file a Chapter 7 Bankruptcy, and receive a discharge, 8 years after you filed your previous Chapter 7 Bankruptcy case (where you received a discharge). You can file a Chapter 13 Bankruptcy, and receive a discharge, 4 years after filing a Chapter 7 Bankruptcy and receiving a discharge.
And in an awkward Bankruptcy Code provision, you can file a Chapter 13 Bankruptcy (and receive a discharge) in another Chapter 13 case filed 2 years after the first Chapter 13 case. The weird thing is you don’t normally receive a Chapter 13 discharge for 3-5 years after filing the case. That is why the 2 year statute to refile and get a discharge is so awkward. Anyway, it is there if you need it!
When the time is right, or when you are ready, reach out to St Cloud, Minnesota’s oldest bankruptcy law firm. You will be glad you did.