December 21, 2007, Newsletter Issue #78: You can't file for bankruptcy as often as you might think.
Tip of the Week
Because bankruptcy is considered a last resort there are strict guidelines for how many times someone can file for bankruptcy. There must be a six year gap before you file again.
Additionally, before you file for bankruptcy, make sure you research all your options. Filing for bankruptcy has a lasting effect of 7 to 10 years, so make sure that whatever decision you make is well thought out.
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