How Long Does Chapter 7 Bankruptcy Take?
Usually, the most important thing for my clients is that, as soon as you file you can stop the credit calls, no matter if you file Chapter 7 or Chapter 13. If you are being sued, I can file an emergency bankruptcy to stop the legal action in a day.
One of the first things you need to know if you file with us we will help you with the paperwork, very few law firms do this. Getting the paperwork done to file bankruptcy can feel overwhelming to many people, we know that. One of the main reasons people do not finish Chapter 7 sooner is they get bogged down on the paperwork. We will give you an appointment and work with you to get the paperwork done. I mean let’s face it, some of us are paper people some of us are not. Bankruptcy Chapter 7 typically runs its course from start to finish in about three months, but that can be done in a day if need be.
The biggest issue in finishing the bankruptcy is collecting all the paperwork needed to file the bankruptcy.
- Tax Returns
- Income Documentation /paystubs/ profit and loss
- Real Estate
- Retirement And Bank Accounts
If you are considering filing start organizing your paperwork and documents NOW.
Chapter 13 usually takes three years to complete but in special cases can take up to five years. This is because in chapter 13 ( a debt repayment plan ) the bankruptcy is completed when the payments are completely received by the creditor.
When you’re ready to end your bill problems once and for all, contact me at 619-235-4095 to set up a free, no-obligation meeting to talk about how I can help you.