How to File Chapter 13 If You Have Already Filed Chapter 7

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Filing Chapter 13 is necessary after filing Chapter 7, as an individual cannot file for two of the same bankruptcies back-to-back. Get a lawyer when filing Chapter 13 with information from a registered financial consultant in this free video on personal finance.

Part of the Video Series: Personal Financial Advice
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This is financial adviser Patrick Munro talking about how to file Chapter 13 if you've already filed Chapter 7. If an individual has extended a longtime period of financial hardship and they've initially filed a Chapter 7 bankruptcy and had that bankruptcy discharged, that's very, very key. In other words, all the bills and all the creditors have been discharged from he original Chapter 7 bankruptcy. What happens at that point is that the bankrupt person starts to receive more credit card offers. In fact, they appear to the credit card companies as a good risk. However, if an individual is still having hardships and financial planning problems at that point, then they must end up filing Chapter 13 because you're not allowed to file two types of bankruptcies back-to-back. If this occurs, you have to file Chapter 13, and there's various court protocols that you must follow to make sure that this is accommodated. You need to retain a lawyer, you have to pay a fee to get that involved as well, and then, and only then, can you proceed into the orderly payment of debts which is the Chapter 13 bankruptcy -- your debts are not discharged. You are responsible, and you must pay for them. This is financial adviser Patrick Munro talking about how to file Chapter 13 if you've already filed Chapter 7.

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