If you’re weighing the decision on whether to file for bankruptcy, you may be wondering how long bankruptcy actually takes. The answer depends on a few factors, including which chapter you file, how long it takes to prepare your bankruptcy petition, and how smoothly your case goes.
How Smoothly Your Case Goes
Hire an experienced bankruptcy attorney to help you and your case will have the best chance of going smoothly through the bankruptcy process. For some helpful tips, read our article How To Choose the Right Bankruptcy Attorney. Some attorneys dabble in bankruptcy law, while others practice exclusively in bankruptcy. The Law Offices of Barbara B. Braziel practices exclusively in bankruptcy law.
Which Chapter of Bankruptcy You File
Generally, from the date you file for Chapter 7 bankruptcy to the date you receive your discharge order is roughly three to six months. Chapter 7 is known for being the quickest chapter.
If you file for Chapter 13 bankruptcy, your case will last longer because Chapter 13 creates a repayment plan that lasts three to five years. The benefits of Chapter 13 are powerful, though this chapter is best utilized in specific situations. The majority of people file for Chapter 7 bankruptcy.
Which chapter of bankruptcy is best for you is specific to your situation. This is one reason why we offer free consultations. Together we will explore all of your options on getting the financial relief you need.
How Long It Takes to Prepare Your Bankruptcy Petition
How quickly your bankruptcy petition can be prepared largely depends on how quickly you can gather the documents necessary for your attorney to complete the petition. For some people, one of the most daunting tasks is to gather all of the documents. For a list of necessary documents, read our article The Documents Your Bankruptcy Attorney Needs.
Whether you file Chapter 7 or Chapter 13 bankruptcy, at the completion of your case you will have the fresh financial start you deserve.
Is Bankruptcy the Right Solution for Me?
We’re committed to helping people get out of debt and gain the financial freedom they deserve. We invite you to learn more about who we are here. If you live in Savannah, GA or the surrounding areas and have questions about your debt relief options, let’s meet for a free consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.