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How Long Will My Bankruptcy Case Take?

When life changes come up most people want a crystal ball to tell them the outcome, or at least to know how long they can expect a current situation to persist. If you are having trouble paying your bills and have decided bankruptcy is the answer it is likely you want to know how long it will be before your case is over and you can start fresh with your finances. The answer depends on several factors, all of which are unique to your case.

The length of time a bankruptcy case takes to complete involves the following things:

  • Which chapter of bankruptcy you file: a Chapter 7 usually lasts between 60-120 days and a Chapter 13 can last for up to 5 years.
  • How organized you are: the more documents you present to your attorney at the initial meeting, the faster your case will be able to be prepared. If you have all of your ducks in a row you will be able to answer questions more quickly and this gives your attorney the information needed to finalize your case.
  • Your employment status: if you are in a Chapter 13 you will be required to make monthly payments to the Chapter 13 Trustee. The Trustee will take this money and make payments to your creditors. If you lose our job and are unable to make your Chapter 13 Plan payments, the Trustee will not be able to pay your creditors. In that instance you will need to find a new job quickly so there is not a lapse in payments that can prolong your case or even cause your case to be dismissed.

We understand that getting to a better financial place faster is most desirable, and that no one wants to be tied up in Court for long. The beauty of filing bankruptcy is that you do get some immediate relief. The instant you file you are no longer required to make the payments on most of your debt, and creditors are prohibited from contacting you for payment. This alone gives you some breathing room and automatic relief. The process thereafter might take a bit of time, but you should be able to start reworking your budget right away. For more information, call us today.

For more information about bankruptcy cases, contact us at  www.DsouzaLegalGroup.com. We will help by coming up with solutions that work for you.

 

 

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