How long does it take to file chapter 7 bankruptcy?
Chapter 7 bankruptcy takes around 5- 6 month. It takes very less time than the chapter 13 bankruptcy. For chapter 13 bankruptcy it takes around 24-36 months. I also filed chapter 7 bankruptcy it got cleared with 6 months. To get more information about chapter 7 visit
http://www.uscourts.gov/FederalCourts/Bankruptcy/BankruptcyBasics/Chapter7.aspx
Prior to actually filing for bankruptcy, the amount of time to prepare the paperwork will vary dependingg on the complexity of your case. Once you have filed a Chapter 7, you will probably receive your discharge in about 3.5 to 4 months. After you file, you will attend a meeting of creditors in about 4-6 weeks where you will questions by the bankruptcy trustee and possibly creditors. You are eligible to receive a dishcharge 60 days after the conclusion of the meeting of creditors unless one of your creditors files legal action to try to prevent you from receiving a discharge. By day 62 or 63, the bankrupty court should mail you a copy of the discharge order in the mail.
Chapter 7 bankruptcy is a relatively quick process. Chapter 7 cases tend to take much less time than Chapter 13 cases. While a Chapter 13 repayment plan can last several years, Chapter 7 filers generally get their discharges in a matter of six months or so. This means those who opt for Chapter 7 bankruptcy have less time than those who file under Chapter 13 to complete the Debtor Education Course required for all bankruptcy petitioners since the passage of the new bankruptcy law in 2005. Lear more about how fast Chapter 7 bankruptcy can be.
