Can You Declare Bankruptcy A Second Time?
If you've already declared bankruptcy before, you probably already know that there's a cooling off period before you can declare bankruptcy again. But is there a special process? Will it be more difficult? Here's what you need to know. You Need to Wait 8 Years After a Chapter 7 Bankruptcy The cooling off period after a Chapter 7 bankruptcy is 8 years. However, if you declared a Chapter 13 bankruptcy instead.