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After Filing for Bankruptcy in Montana Your creditors will stop bothering you soon after you file. It takes a few days because the court mails your creditors notice of the "automatic stay" order that prevents most creditors from continuing to ask you to pay them.

Bankruptcy is a process by which consumers can eliminate or repay some, or all, of their debts under the protection of the federal bankruptcy court. Generally, bankruptcy takes one of two forms ? liquidation or reorganization. In the short term, bankruptcy prevents continued efforts by creditors to collect debts.

Chapter 7 bankruptcy. You can only file for a Chapter 7 if you meet specific income requirements. To qualify for Chapter 7 filing, you must earn less than the Florida state median income each month. You also must take a ?means test? that will require a detailed record of what you owe and what you own.

Technically, there is no limit to how many times you can file bankruptcy. There is also no limit how often you can file. Limits apply to how often you can receive a discharge, or release from your debts. If you file too early the second time, you may be unable to receive a second bankruptcy discharge.

What does suggestion of bankruptcy mean in Florida? If you are involved in a foreclosure action, a "suggestion of bankruptcy" is filed with the state court letting them know that you have filed bankruptcy. The filing of Bankruptcy stops the foreclosure action from moving forward until the bankruptcy case is resolved.

Hon. Benjamin P. Hursh, Chief Judge | Tyler P. Gilman, Clerk of Court.