When should I file for bankruptcy?

Is now the right time for you to file for bankruptcy?


The first thing to know is that you can only file for Chapter 7 bankruptcy once every 8 years. If you have filed in the last 8 years, it’s possible that you could file again, but you would need to talk with a bankruptcy attorney to learn if you can and what the right move is for you. 


Since there are time limits on when you can file, make sure you can get back on your feet and stay financially stable once you file for bankruptcy. If your financial future still seems uncertain or if you think you will continue to go into debt after you file for bankruptcy, it may be best to wait.