Question
How long does bankruptcy take?
How long does bankruptcy take? Is it different depending on the chapter that you file?LawQA.com Answer Library
Answered By: Breckenridge and Walton
For Chapter 7, it's 4 months. For Chapter 13, it takes 3 to 5 years.
Answer Applies to: Michigan
Replied: 10/14/2011
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Answer Applies to: Michigan
Replied: 10/14/2011
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Answered By: Eric J. Benzer, Attorney at Law
It takes 100 days.
Answer Applies to: Maryland
Replied: 10/13/2011
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Answer Applies to: Maryland
Replied: 10/13/2011
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Answered By: AZ Law Group of Trezza & Associates
Chapter 7 case will stay open for 6 to 12 months but the automatic stay goes into effect on the day of filing. Chapter 13 is 3 to 5 years.
Answer Applies to: Arizona
Replied: 10/7/2011
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Answer Applies to: Arizona
Replied: 10/7/2011
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Answered By: Bird & VanDyke, Inc.
From the date your case is filed a chapter 7 takes approximately 105 days and a chapter 13 usually takes 3 to 5 years.
Answer Applies to: California
Replied: 10/6/2011
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Answer Applies to: California
Replied: 10/6/2011
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Answered By: AyerHoffman, LLP
A Chapter 7 bankruptcy is usually over in a few months. A Chapter 13 repayment plan can take 3 years or 5 years to complete, depending on the plan.
Answer Applies to: Massachusetts
Replied: 10/6/2011
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Answer Applies to: Massachusetts
Replied: 10/6/2011
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Answered By: Theodore N. Stapleton, PC
Yes depends which you file chapter 7 takes 90 days usually, chapter 13 takes 60 months.
Answer Applies to: Georgia
Replied: 10/6/2011
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Answer Applies to: Georgia
Replied: 10/6/2011
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Answered By: Bankruptcy Law office of Bill Rubendall
A chapter 7 takes about 4 months. A chapter 13 payment plan lasts for 36-60 months.
Answer Applies to: California
Replied: 10/6/2011
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Answer Applies to: California
Replied: 10/6/2011
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Answered By: Guardian Law Group PLLC
Yes Chapter 7 takes about 120 days, Chapter 13 is measured in years and you must make payments as instructed over the entire process.
Answer Applies to: Utah
Replied: 10/6/2011
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Answer Applies to: Utah
Replied: 10/6/2011
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Answered By: Dan Wilson Bankruptcy
Chapter 7 BK is usually complete within six months. Chapter 13 takes 35 years.
Answer Applies to: Colorado
Replied: 10/6/2011
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Answer Applies to: Colorado
Replied: 10/6/2011
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Answered By: Bankruptcy Law Center
In Colorado, a simple no asset chapter 7 bankruptcy lasts around 4 mos. An asset chapter 7 bankruptcy will last 1-2 years. Chapter 13 bankruptcy lasts much longer from 3 to 5 years on average. Bankruptcy remains on your credit reports for 10 years.
Answer Applies to: Colorado
Replied: 10/6/2011
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Answer Applies to: Colorado
Replied: 10/6/2011
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Answered By: Law Office Of Magnolia Zarraga
The length of a bankruptcy depends on the type of bankruptcy filed. The two most common type of bankruptcies for individuals are chapter 7 and chapter 13. A chapter 7 bankruptcy usually takes about 4 months to close if it's a no asset case. A chapter 7 bankruptcy where there are assets to be distributed to creditors can take a lot longer to close. A chapter 13 bankruptcy takes three to five years to close.
Answer Applies to: California
Replied: 10/6/2011
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Answer Applies to: California
Replied: 10/6/2011
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Answered By: Ashman Law Office
Months or years, depending not just on the chapter but your specific facts.
Answer Applies to: Georgia
Replied: 10/5/2011
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Answer Applies to: Georgia
Replied: 10/5/2011
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Answered By: The Law Offices of Kristy Qiu
Yes, chapter 7 takes about 3 to 4 months from the day you file, chapter 13 takes 3 to 5 years depending whether you're above or below median income.
Answer Applies to: Florida
Replied: 10/5/2011
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Answer Applies to: Florida
Replied: 10/5/2011
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Answered By: Law Office of Asaph Abrams
Generally, in the Southern District of California, chapter 7's are swift and take about 3 months, and chapter 13's run 3 or 5 years. When done right, things can run on auto-pilot while your case is pending, so it need not be a distraction to your regular pursuits.
Answer Applies to: California
Replied: 10/5/2011
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Answer Applies to: California
Replied: 10/5/2011
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Answered By: Heupel Law
After you file bankruptcy, a Chapter 7 is over in 90 days and a Chapter 13 can last between 3-5 years.
Answer Applies to: Colorado
Replied: 10/5/2011
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Answer Applies to: Colorado
Replied: 10/5/2011
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Answered By: Janet A. Lawson Bankruptcy Attorney
A ch13 can run 5 years. A ch7 can take around 5 to 6 months, assuming no problems.
Answer Applies to: California
Replied: 10/5/2011
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Answer Applies to: California
Replied: 10/5/2011
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Answered By: Lewis Adams and Associates
A Chapter 7, without issues, normally takes three months, an under-median Chapter 13 case between 36 and 60 months, and an over-median Chapter 13 case 60 months.
Answer Applies to: Utah
Replied: 10/5/2011
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Answer Applies to: Utah
Replied: 10/5/2011
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Answered By: Ross Smith, Attorney at Law
A Chapter 7 Bankruptcy is effective IMMEDIATELY upon being filed. It takes 120 days for the Court to finish the processing and issue a discharge of all of your debts. But you are protected from day one. A Chapter 13 is more complicated. They are set for 36 or 60 months, depending on your income. You are protected from your creditors from day one in a Chapter 13 also. Good luck.
Answer Applies to: Ohio
Replied: 10/5/2011
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Answer Applies to: Ohio
Replied: 10/5/2011
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Answered By: Charles Schneider, P.C.
Approximately 4 months if everything goes well you will get a discharge in the mail.
Answer Applies to: Michigan
Replied: 10/5/2011
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Answer Applies to: Michigan
Replied: 10/5/2011
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Answered By: Law Offices of Joseph A. Mannis
Typically three months for a chap 7, 3-5 years in a Chapter 13.
Answer Applies to: California
Replied: 10/5/2011
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Answer Applies to: California
Replied: 10/5/2011
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Answered By: Mauritz Van Niekerk, Attorneys at Law
It differs from whatever chapter you do
Answer Applies to: New York
Replied: 10/5/2011
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Answer Applies to: New York
Replied: 10/5/2011
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Answered By: Carballo Law Offices
Chapter 7 takes three months minimum generally if no complications. Chapter 13 requires that you be in a plan for at least three years unless you pay 100% of your debts in the plan (some people have to be on a plan for five years because of high income or the need to pay certain debts which are too much to be paid in three years).
Answer Applies to: California
Replied: 10/5/2011
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Answer Applies to: California
Replied: 10/5/2011
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Answered By: Judith A. Runyon, Esq. Attorney at Law
4 months for a ch. 7 . 5 years for a chapter 13
Answer Applies to: California
Replied: 10/5/2011
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Answer Applies to: California
Replied: 10/5/2011
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Answered By: Law Offices of Daniel Moulton
A chapter 7 ykes 7 months. A chapter 13 usually takes from 36 to 60 months to repay.
Answer Applies to: Illinois
Replied: 10/5/2011
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Answer Applies to: Illinois
Replied: 10/5/2011
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Answered By: Law Offices of Lady Justice
A typical Chapter 7 Bankruptcy can last between 4 and 6 months. A Chapter 13 Bankruptcy can last either 3 or 5 years, depending upon the type of plan that is confirmed by the Court.
Answer Applies to: California
Replied: 10/5/2011
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Answer Applies to: California
Replied: 10/5/2011
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Answered By: The Law Office of Darren Aronow, PC
A chapter 7 will take about 3 to 4 months from when you file, while a chapter 13 will take 3 to 5 years of payments to complete.
Answer Applies to: New York
Replied: 10/5/2011
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Answer Applies to: New York
Replied: 10/5/2011
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Answered By: Law Office of Yvonne Michaud Novak
How long a bankruptcy takes depends on what kind of bankruptcy you are filing and how quickly you get all of the requested information to your attorney. In general, the preparation of a petition is dependent on having the right information to complete it. Once that is received, most bankruptcy offices should be able to have you review and sign the petition for filing. Once the petition is filed, you have a meeting with the trustee, usually within 30 days. If you are in a Chapter 7 and everything goes well, you should receive your notice of discharge of debts within 65 days of the meeting with the trustee. If you are in a Chapter 13, you have to make payments for the number of months specified in the plan which can be up to five years. You do have a trustee meeting within 30 days of filing your petition but the discharge is not awarded until all plan payments are made. If both cases, you have to do an educational class before you can be discharged. er will not be valid.
Answer Applies to: Minnesota
Replied: 10/5/2011
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Answer Applies to: Minnesota
Replied: 10/5/2011
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Answered By: Law Offices of Robert P. Taylor
I simple run-of-the-mill (no asset) Chapter 7 could be over in 3 to 4 months, where Chapter 13's usually go 3 to 5 years depending on the circumstances.
Answer Applies to: California
Replied: 10/5/2011
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Answer Applies to: California
Replied: 10/5/2011
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Answered By: Selleck Legal, PLLC
Yes it depends on the Chapter. A chapter 13 can go for a period for 3 or 5 years. A chapter 7 is typically concluded within 4 to 6 months after you file your case.
Answer Applies to: Michigan
Replied: 10/5/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Michigan
Replied: 10/5/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
More Questions on Bankruptcy
- Can toll fines be included in bankruptcy?
- Should I just allow foreclosing?
- Can I exclude my car or home when filing for bankruptcy?
- Will Chapter 13 be dismissed if I am late on my mortgage?
- Can I sell my house after bankruptcy?
- How can I secure my house when filing for bankruptcy?
- How long to wait before declaring bankruptcy?
- Will my chapter 13 be dismissed if I am late on my home mortgage?
- Can I still put a stop to bankruptcy?
- Can filing bankruptcy stop foreclosure?
- Can I neogtiate non-exempt taxes in chapter 7?
- What do I do with non-exempted assets?
- What does the trustee do in the bankruptcy case?
- Do I have to appear before a judge when filing for bankruptcy?
- What is the difference between chapter 13 and chapter 11?
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- What does chapter have to do with non-exempt property?
- Is it better to file chapter 7 over chapter 13 or vice versa?
- Will I be able to get rid of all my debts when I file chapter 7?