Expert: Terry Leeders - 7/30/2008

Question
eIGHT YRS AGO i CLAIM BANKRUPTCY DUE TO MY SPOUSE BEING INCARCATED AND I FILD DIVORCE.  i NOW HAVE A DISABILITY WHICH IS KEEPING ME OUT OF WORK I'M PENDING A SSD DISCUSSION. IF I CAN NO LONGER PRODUCE AN INCOME CAN I FILE FOR BANKRUPTCY OR DO I JUST FORECLOSURE ON MY HOME FIRST? i'M SO UPSET ABOUT THIS AND I'M HAVING A HARD TIME MAKING A RIGHT DECISION. PLEAS HELP.  I LIVE IN FLORIDA.

Answer
There is no total cap on how many times you can file bankruptcy.  You must wait 8 years between chapter 7's.  Chapter 13 can be done in the interim, whereby you pay back a portion of the debts, and can save the home from foreclosure if you have steady income.  Now, there are a few exceptions on multiple cases within 2 and 4 years of a prior case, so talk with a local bankruptcy attorney to assist you.