by 
The Curious Bag
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There is no law that states how many times an individual can file for bankruptcy. However, filing for bankruptcy and receiving a favorable judgment are two separate things.
Function
Bankruptcy allows for individuals and businesses to discharge certain credit obligations. Bankruptcy offers protection from creditor harassment during the proceedings.
Cost to File
It costs on average more than $400 to file for bankruptcy. This does not include attorney's fees.
Misconceptions
Under 2005 revisions to U.S. bankruptcy laws, you will probably still have to repay at least part of what you owe.
Considerations
Multiple bankruptcies may be granted if you have catastrophic, ongoing medical bills. A judge may grant you multiple bankruptcies and the debts may be discharged.
Warning
If an individual discharges her debts then proceeds to run up new credit card debts, to file for bankruptcy again in a short period, the judge will probably not discharge the debts.
Source
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