A person may declare bankruptcy more than once. However, there are different time periods for a Chapter 7 and Chapter 13 bankruptcy and other serious considerations. Chapter 7 bankruptcy is the most-recognized and is a discharge of all eligible debts, such as credit cards and hospital bills. Tax debts, child support and student loans are among the debts that cannot be discharged and must be repaid. There is an eight-year wait for refiling a second Chapter 7 bankruptcy.
Financial problems affect most people at least once in their lives. In some cases, the issues may be addressed quickly and without lasting repercussions, but in others, Pennsylvania residents may struggle for a long time and accrue a considerable amount of debt. In this latter scenario, collection agencies may try to contact those with debt and collect outstanding balances.