![]() ![]() But if you do not have such a fund, you have millions of people for company. Sure, financial counselors say everyone should have an emergency fund for such contingencies. Having to do so is not what anyone would intend coming out of an earlier bankruptcy.īut as the saying goes, “stuff happens.” All it can take for many people is one serious illness or job loss to create serious financial problems. ![]() To be sure, it would be preferable not to have to consider bankruptcy again. That type of bankruptcy involves working out a repayment plan for debt, typically over a three-to-five year period. That’s the Berra kid they’re talking about a skeptical bystander asked after laying eyes on the 5-foot-7, 190-pound catching prospect for the first time. And that, of course, is a rather long time.Ĭhapter 13 bankruptcy is somewhat different. Listen to this article Upon returning from World War II, Yogi Berra visited the New York Yankees clubhouse at the Big Ballpark in the Bronx wearing his Navy uniform. The law is pretty clear on the subject.įor a Chapter 7 bankruptcy, someone can file and receive a discharge only once every eight years. Is it possible, in such cases, to file for bankruptcy again? There are some people, however, who struggle again with debt, even after a bankruptcy filing. Berras plaque hangs in Cooperstown (Photo courtesy of Wikimedia Commons) When the final chapter of the game is written and the Pantheon of baseball greats. It helps put many people back on their feet financially and gives them a fresh start. In the wake of the Great Recession, bankruptcy remains an important debt-relief strategy for many people in the San Antonio area and across the nation. How would apply, however, in the context of a bankruptcy filing? The statement could be applicable in almost any context where someone is going through something they have been through before. “Deja vu all over again” is one of the paradoxical expressions associated with the baseball legend Yogi Berra.
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