How Long Does Filing For Bankruptcy Take?

Many people who file for bankruptcy are facing difficulty struggling with debt and they are eager to establish a fresh start for their future. If you live in Los Angeles and you have concerns about filing for bankruptcy, it’s important to consider the amount of time that you could be facing and the commitments that you might be responsible for.

Under a bankruptcy filing, you can receive a relatively fast discharge under Chapter 7 bankruptcy. Most Chapter 7 cases can be completed in 46 months but they do require a proper eligibility. For most people that are filing under Chapter 13, the duration of your bankruptcy can take between 3 to 5 years over your repayment plan.

There are some benefits to filing for bankruptcy in getting your application ready as soon as possible.

Having an automatic stay in place for your creditors can help to protect your funds from collection activity. If you are facing ongoing calls from creditors, people taking money out of your account or ongoing harassment for your family members, having a stay order can stop all of this collection activity and the harassment that you might be facing.

Completing a consumer bankruptcy case starts with the preparation with your attorney. The full process of a Chapter 7 bankruptcy takes anywhere between 4 to 6 months but there can be delays if there is a need for additional documentation, an objection to the exemption or discharge ability of the debts or if you can’t complete the education course in the required amount of time.

With most Chapter 13 cases there is a minimum repayment period of 36 months. Hardship discharges can occur after three years but in most cases it will take a few years to successfully discharge a Chapter 13 case.

Consider the length of time that these cases may take if you are facing the option of bankruptcy or considering starting the process.

This article was written by Alla Tenina. Alla is one of the best Bankruptcy Attorneys in Sherman Oaks, and the founder of Tenina law. She has experience in bankruptcies, real estate planning, and complex tax matters. The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser; the ABA and its members do not recommend or endorse the contents of the third-party sites.