With our country still in the midst of the "Great Recession," it is becoming more common for people to find themselves in need of additional bankruptcy protection long after an initial filing. The highly publicized 2005 amendments to the United States' bankruptcy laws (known as the Bankruptcy Abuse Prevention and Consumer Protection Act or "BAPCPA") changed the way in which subsequent bankruptcy filings were handled in an attempt to prevent so-called "serial bankruptcies." It is still possible for an individual to seek a second or even third bankruptcy, but there is a mandatory waiting period.
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