9th Oct 2016
Considering Bankruptcy? You may be wondering…..
How long does a bankruptcy take?
After you have retained your attorney, it takes approximately 2 to 4 weeks to prepare the paperwork. The paperwork is complex and extensive and will require you to provide detailed information about your debts and financial condition. Until all information is gathered, your Petition cannot be filed with the Court.
Once your Petition is filed, the court will schedule a hearing within 30-60 days. This first hearing is called a creditor’s meeting and each debtor’s attendance is mandatory. At this hearing you will be questioned about your financial status and accuracy of the information in your Petition.
In Chapter 7, approximately 120 days later, if no one contests the proceeding, the Court will discharge you from your debts.
In Chapter 13, you will get a discharge only if you make all the payments of the plan.
Contact us today to discuss your financial relief options. You first consultation is free.
Call Toll Free 1-800-210-7555