Yes, it is possible to file for Chapter 7 bankruptcy twice. The law does not prohibit you from filing multiple bankruptcies, and you could actually do it more than twice if necessary. Some people have filed for bankruptcy numerous times.
However, the law does establish certain minimum waiting periods between filings. You cannot immediately file after your previous case has concluded. So if you have already filed in the past and you are thinking about doing so again, it will simply depend on whether or not you have satisfied this requirement.
What was your original bankruptcy filing?
How long you have to wait to file a Chapter 7 bankruptcy depends on what your previous bankruptcy filing was and whether it was completed successfully.
If the original filing was for Chapter 7 bankruptcy, then you have to wait a full eight years before you can file for Chapter 7 again. If the original filing was a Chapter 13 bankruptcy, however, then you may have to wait up to six years before you can file for Chapter 7 again. The exact timeframe can be different from case to case—and may be less than six years—as it depends on when that Chapter 13 bankruptcy was discharged.
Filing for liquidation bankruptcy
Chapter 7 bankruptcy is a liquidation bankruptcy process, so the goal is to liquidate non-exempt assets. However, many people get to keep far more assets than they assume, as there are numerous exemptions in place. Take the time to carefully look into your legal options if you are considering using bankruptcy to get a fresh start this year.