Everyone knows that bankruptcy is usually the option of last resort to fix your finances, but most don’t know how long the process actually takes. It is not unusual for people to ask, “How long does a bankruptcy take?” when they meet with a bankruptcy attorney for the first time.
At Kain + Henehan, we work with clients before, during, and after the bankruptcy process to make sure everything goes smoothly. The bankruptcy timeline depends on several factors that are specific to each case. Learn more in this video from Kain + Henehan, St. Cloud bankruptcy attorneys.
Transcript:
“Yeah, so a Chapter 7 bankruptcy from filing to discharge takes around three months or so. It’s a fairly quick court proceeding. I mean, just from filing to discharge, you’re going from having debt you can’t pay to having the slate wiped clean. A Chapter 7 is a quick court proceeding to get back on with your life. A Chapter 13 is the payment plan bankruptcy. It’s going to take longer. It takes between three to five years depending on what your payment plan is set up to be. A Chapter 7 that just wipes the debt clean takes about three months or so with the court.”
Discuss Your Options With A Bankruptcy Attorney
It is difficult to estimate how long your bankruptcy case will be, which is why we work with you throughout the entire process. That way, you always have the support that you need. Call Kain + Henehan, bankruptcy attorneys in St. Cloud, Minnesota, at (612) 438-8006 or use the contact form to schedule a consultation about your case.
