The bankruptcy trustee or a creditor can object to the discharge of a debt. Learn about the steps a creditor or the trustee must take to prove bankruptcy fraud or presumptive fraud and prevent you from wiping out your debt in bankruptcy.
You can file for bankruptcy as often as you'd like, but limits exist on how frequently you can eliminate or "discharge" qualifying debt. Also, you lose the complete protection of the automatic stay if you file more than once a year.
A self-employed person can file a Chapter 7 or Chapter 13 bankruptcy, but the debtor must prove average income for the six months before the filing of the case, as well as provide up to four years' worth of yearly income documentation.