Bankruptcy Frequency in Ohio: How Often Can You File?

bankruptcy frequency in ohio

Disclosure: We receive advertising revenue from some partners. Learn More


Bankruptcy is a legal procedure that allows individuals and businesses in financial difficulty to clear their debts and make a fresh start. Despite its negative connotation, bankruptcy can be a lifeline for those drowning in seemingly insurmountable debt.


However, how often can one file for bankruptcy? In particular, how often can you file in Ohio? This article will delve into the frequency of bankruptcy filings in Ohio, the types of bankruptcies, and the regulations surrounding multiple filings. If you’re in debt, you can also compare these two solutions bankruptcy vs debt settlement.

Types of Bankruptcy

There are several types of bankruptcy, each designated by a chapter in the U.S. Bankruptcy Code. The most common types for individuals are Chapter 7 and Chapter 13.

Chapter 7, also known as “liquidation bankruptcy,” involves selling off the debtor’s non-exempt assets to pay off as much debt as possible. Any remaining unsecured debts (like credit card debt or medical bills) are then discharged, or eliminated.

Chapter 13, or “reorganization bankruptcy,” involves developing a repayment plan to pay back all or a portion of the debtor’s debts over three to five years. This type of bankruptcy allows individuals to keep their assets, such as a house or car, as long as they keep up with their repayment plan.

Frequency of Bankruptcy Filings in Ohio

In Ohio, the frequency of bankruptcy filings varies widely, depending primarily on economic conditions. During challenging economic times, such as during the Great Recession or the COVID-19 pandemic, bankruptcy filings tend to increase as more people struggle with job loss and mounting debt.

Ads Powered By Medallion

See If You Qualify for
Debt Consolidation in
  30 Seconds

However, how often an individual can file for bankruptcy is dictated by federal law, not state law. Therefore, the frequency of filing for bankruptcy in Ohio is the same as in any other state.

Regulations on Multiple Bankruptcy Filings

While bankruptcy can provide much-needed relief, it’s not a decision to be taken lightly. Multiple bankruptcy filings can have severe, long-term effects on your credit and financial stability. Federal law sets out specific time limits between bankruptcy filings.

For Chapter 7 bankruptcy, you must wait eight years from the date of your previous Chapter 7 discharge to file again. If you previously filed for Chapter 13 bankruptcy, you’d have to wait six years from the date you filed to file for Chapter 7.

For Chapter 13 bankruptcy, if you previously filed for Chapter 7, you’d have to wait four years from the date you filed the Chapter 7 case to file for Chapter 13. If you previously filed for Chapter 13, you’d have to wait two years from the date you filed the first case to file another Chapter 13 case.

These waiting periods begin from the date you filed your previous bankruptcy case, not from the date you received your discharge.

Pros and Cons of Multiple Bankruptcy Filings

There are pros and cons to multiple bankruptcy filings. On the one hand, filing for bankruptcy again can help you get out of debt and give you a chance to rebuild your financial life. However, multiple bankruptcy filings can significantly damage your credit score, making it harder to secure loans or credit in the future.


Filing for bankruptcy is a decision that can significantly impact your financial future. While sometimes necessary to recover from severe financial difficulties, it should be considered a last resort due to the long-term implications on your financial health.

If you’re considering filing for bankruptcy for the second time or more, it’s crucial to fully understand the rules and restrictions and to seek advice from a qualified bankruptcy attorney. They can provide you with the guidance and information you need to make the best decision for your financial future in Ohio.

See If You Qualify for Credit Card Relief

See how much you can save every month — plus get an estimate of time savings and total savings — with your very own personalized plan.


Understanding bankruptcy frequency in Ohio is crucial to making informed decisions about your financial future. Keep in mind that while bankruptcy can provide relief, it also comes with significant long-term consequences. Always consider all your options and seek professional advice before deciding to file for bankruptcy.


  1. Bankruptcy: A legal process where individuals or businesses who cannot repay their debts to creditors seek relief from some or all of their debts.
  2. Chapter 7 Bankruptcy: A type of bankruptcy that involves liquidation of assets to pay off debts.
  3. Chapter 13 Bankruptcy: A type of bankruptcy that allows individuals to repay their debts over a period of three to five years while keeping their property.
  4. Creditor: An entity (person or institution) that extends credit, providing another entity with a resource based on the belief that the second party will return the resource or its equivalent value.
  5. Debt: Money that is owed or due.
  6. Discharge: The legal term for the elimination of debt through a bankruptcy case.
  7. Means Test: A method used to determine whether a debtor is eligible to file for Chapter 7 bankruptcy.
  8. Trustee: A person or firm that holds and administers property or assets for the benefit of a third party.
  9. Automatic Stay: An injunction that automatically becomes effective, stopping lawsuits, foreclosure, garnishments, and all collection activity against the debtor the moment a bankruptcy petition is filed.
  10. Equity: The difference between the value of the assets/interest and the cost of the liabilities of something owned.
  11. Exempt Property: Certain property owned by an individual debtor that the Bankruptcy Code or applicable state law permits the debtor to keep from unsecured creditors.
  12. Filing bankruptcy: Refers to the legal process initiated by an individual or business that cannot pay their debts, seeking relief from some or all debts.
  13. Bankruptcy court: This is a specialized court dealing with bankruptcy cases and related legal issues.
  14. Bankruptcy relief: Refers to the legal process that allows individuals or businesses to eliminate or repay some or all of their debts when they can no longer meet their financial obligations.
  15. Ohio bankruptcy attorney: A legal professional based in Ohio who specializes in handling bankruptcy cases, guiding individuals or businesses through the process of declaring bankruptcy under the laws of Ohio and the United States.
  16. Bankruptcy filing: A legal process where an individual or a company declares their inability to repay their debts.
  17. State or federal exemptions: A legal professional who specializes in handling cases related to bankruptcy, helping individuals or businesses to navigate the legal process of reducing or eliminating debt or going through other financial difficulties.
  18. Bankruptcy lawyer: A legal professional who specializes in the process of bankruptcy, advising and representing individuals or businesses that are unable to pay their debts.
  19. Bankruptcy paperwork: Refers to the official documents and forms that an individual or a company must fill out and submit when filing for bankruptcy.
  20. Bankruptcy fraud: is a criminal act that involves a person or corporation intentionally and illegally attempting to avoid their debts by falsifying their bankruptcy filings or by hiding assets that should be used to repay creditors.

Leave a Reply

Your email address will not be published. Required fields are marked *