Not all properties are liquidated though. Can you file bankruptcy twice? The type of bankruptcy you previously filed and the type of bankruptcy you will file will affect the answer to that question.If you decided to file bankruptcy twice, I suggest you go to a petition preparer or a bankruptcy lawyer to prepare your papers and documents for you and you can China Ratchet Wrenches do all the rest of the work. The proceeds from these liquidated properties will be distributed to the creditors.
These types of properties are called exempt properties which are stated in the bankruptcy law.There are risks in filing bankruptcy twice or more. The debtor must have a steady income that if minus all expenses, will still have an amount that can cover his debt for a period of time agreed by the creditors. This leads us to the question, can you file bankruptcy twice? The plain answer is yes you can. The agency will also make a repayment plan which will be provided for a debtor to guide him in his filing of a chapter 13. This type of bankruptcy requires a person to attend a credit counseling session which is provided by a credit counseling agency.