A second time bankruptcy takes longer and costs more.
Before deciding to file for
a second time bankruptcy, you should fully understand all of its implications, including prolonged bankruptcy discharge.
A difference between first and
second time bankruptcy is that in a case of second - time bankruptcy you are not eligible for an automatic bankruptcy discharge in as little as nine months — as is the case when personal bankruptcy is filed for first time.
Not exact matches
• RadioShack's parent company is preparing to declare
bankruptcy for the
second time in two years, according to the Wall Street Journal.
The Sbarro pizza chain, a staple of mall and rest stop food courts across the U.S., has officially exited
bankruptcy for the
second time in three years.
The food - court fixture filed for
bankruptcy protection in 2014 for the
second time in three years after choking under too much debt and declining traffic at many U.S. malls.
Today, in the Ronald Reagan Federal Building and U.S. Courthouse in Santa Ana, Calif., the Orange County Register — for the
second time — begins to emerge from
bankruptcy.
The South Korean cryptocurrency exchange Youbit has been hacked a
second time, allegedly by North Korean actors, and has since announced that it will file for
bankruptcy.
YouBit, a South Korea - based cryptocurrency exchange, has filed for
bankruptcy and will shut down later today after getting hacked for the
second time this year.
NEW YORK (Reuters)- Pizza chain Sbarro LLC has filed for
bankruptcy protection for the
second time in three years after struggling with too much debt and fewer customers in malls that house many of its restaurants.
South Korean exchange Youbit closed its doors and filed for
bankruptcy last month after being hacked for a
second time in a year.
For the
second time in less than three years, Sbarro filed for
bankruptcy protection on Monday.
Second question: Do I want a novel I spent a lot of
time and energy and expense writing and getting out there to be trapped in a
bankruptcy?
Filing a consumer proposal the
second time around is often better than a repeat
bankruptcy because:
If you file
bankruptcy a
second time it will remain on your credit report for 14 years.
Considering filing
bankruptcy a
second time is not as unusual as you think.
Judge Pappas noted that Brunner was decided in 1987, at a
time when the
bankruptcy code allowed discharge of student loan debts on either of two grounds: first, if the student loans had been in repayment status for five years or more on the date the
bankruptcy was filed, or
second, if repayment of the student loans would constitute an undue hardship on the debtor.
However, you may be able to get approved for a
second mortgage in less than two years from the
time of your
bankruptcy discharge.
Do you have any advice for me to avoid filing
bankruptcy a
second time?»
I really don't want to file Chapter 7
bankruptcy a
second time.
I am wondering if you can give me any tips for saving money and re-establishing financial control before I have to declare
bankruptcy a
second time.»
One of the reasons that a lot of people have a hard
time filing for
bankruptcy is creating a payment plan that works for them, without requiring a
second job or other life - altering changes.
Second, a
bankruptcy lasts for a pre-determined minimum length of
time.
A
second time bankrupt with no surplus will get an automatic
bankruptcy discharge after 24 months (unless opposed)
If you have ever filed a
bankruptcy in the past and you need to file again, the
second time through it is likely you will be treated more harshly and it will be extremely difficult to re-establish credit.
Two, declaring
bankruptcy a
second time is a much more difficult thing to do and so these people were more likely to be consistent payers.
The plant is also emerging from Chapter 11
bankruptcy court protection or, as one analyst said in jest, Chapter 22 because it is the
second time the plant has gone through the process.
The decision represents the
second time the deadline for signing up to the plan — which if passed will be the quickest settlement ever reached in a major law firm
bankruptcy — has been pushed back.
TLC's T - Boz has reportedly filed for
bankruptcy for the
second time.
Second, attempting to hide your assets is a clear example of
bankruptcy fraud, a federal offense that could bring jail
time.
According to data analyzed by The New York
Times, AMR's Chapter 11 filing is the
second - largest
bankruptcy case ever by a major U.S. airline, trailing only a 2002 filing by UAL.
The California city filed for
bankruptcy several years ago, so FF's planned
second assembly plant — the first new car factory in decades, according to the San Francisco Business
Times — and an accompanying showroom made for a notable development.
RadioShack is in the final stages of liquidating and winding down its stores for good, after the company filed for
bankruptcy for the
second time in two years.