Every client asks that question: how long will bankruptcy take?
Probably, the real
question is “when will this be over?”
Like so many questions in the law, the answer is “it depends.”
Filing to discharge
In a Chapter 7, filing to discharge is about four months; in Chapter 13 it’s three to five years.
But, too often, the real gating issue is getting ready to file.
How long will it take you to get your attorney all the needed information
And that’s a timeline that the client controls.
The source of delay
It is getting the raw information to us
that is the real slow-down in most cases.
Cases lag when
- the client fills out as much of our questionnaire as they find convenient;
- provides most of the paystubs;
- promises the tax return; and
- has to search for information on the insurance policy.
We hustle to get the schedules done, and the client then doesn’t have all the necessary funds to finish paying us.
Once filed, a Chapter 7 marches fairly predictably to discharge. The debtor’s obligations after filing
are few: show up at the 341 meeting, and complete the post bankruptcy education class.