QUESTION
How long does it take to get a petition for bankruptcy?
Asked on Mar 26th, 2013 on Bankruptcy - California
More details to this question:
I'm thinking about filing bankruptcy and wanted to know the time frame for bankruptcy.
12 ANSWERS
How long it takes to get a bankruptcy petition filed depends in part on how long it takes one to get all the proper documentation together and take and complete the required credit counseling requirement. At my office, I can prepare and file a person's bankruptcy within 24 hours if need be.
Answered on Apr 03rd, 2013 at 8:42 PM
If you file a Chapter 7 bankruptcy, it is typically 4 - 6 weeks from the date of filing until the required meeting with your trustee. Two months after that you will be eligible to receive your discharge provided you have met the other requirements.
Answered on Mar 28th, 2013 at 4:55 AM
Bankruptcy Attorney serving Hampton, VA
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Haven Law Group, P.C.
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Filing the Bankruptcy Petition can be done very quickly (within a day) if there is some emergency. Normally, it takes about a week to get everything from there finished up.
Answered on Mar 27th, 2013 at 2:21 PM
Bankruptcy Law Attorney serving Austin, TX
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Law Office of Susan G. Taylor
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The typical chapter 7 bankruptcy is 90 days long.
Answered on Mar 27th, 2013 at 2:21 PM
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A chapter 7 takes a minimum of 120 days. A chapter 13 can be between 36-60 months.
Answered on Mar 27th, 2013 at 12:32 PM
For a Chapter 7 bankruptcy it is usually 90 days between the date that the petition is filed and the date that your Discharge is entered. The issue of how long it takes to actually get the petition filed is usually within the client's control. There is considerable information and numerous documents that must be provided to the attorney, the client must get together the fee that the law firm is charging, and the firm needs a little time to process the petition once the information and documents are provided.
Answered on Mar 27th, 2013 at 10:21 AM
Bankruptcy Law Attorney serving Livingston, NJ
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Law Office of Stuart M. Nachbar, P.C.
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This is a great question, and here is the answer. A Bankruptcy Petition can be filed as quickly as the client obtains their Credit Counseling and signs and pays the attorney. This is called a Bare Bones Petition. So if you have an emergency, it can be done very quickly. If you are asking, how long to file a full blown Petition, I would give the attorney about three weeks to prepare same. If you are asking how long does the case take before you get the Discharge, once filed, that depends on whether Chapter 7 (6-8 months), or Chapter 13 (36-60 months).
Answered on Mar 27th, 2013 at 10:10 AM
Estate Planning Attorney serving Wilmington, DE
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Reger Rizzo & Darnall, LLP
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You have to prepare the petition, or your attorney, so it depends on how long it takes you to get all required information and do all required steps.
Answered on Mar 27th, 2013 at 10:10 AM
Construction Litigation Attorney serving Mission Viejo, CA
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Law Office of Christian F. Paul
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I assume you mean ordinary Chapter 7 bankruptcy. You can get the petition and all necessary papers from the nearest Bankruptcy Court right away, by visiting the court or its web site, and you can file it just as soon as you get it prepared and take the first required course in credit counseling. That can be done in a day or so. As soon as you file, you'll be given a date for the meeting of creditors, about two months after the filing date, depending on the court and the trustee.? If everything goes smoothly there and that's the usual case and after you take your second debt management course, you'll receive a notice of discharge soon thereafter, and that's it. The filing fee is something over $300, and an attorney will charge you between a few hundred and a few thousand dollars. It's worth it to consult one even if you don't end up hiring an attorney to handle your case.
Answered on Mar 27th, 2013 at 4:03 AM
Bankruptcy Attorney serving Phoenix, AZ
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Law Office of D. L. Drain, P.A.
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Not really sure what you mean, but please understand that filing for bankruptcy is a very complicated process. It is wise to talk to an experienced bankruptcy attorney before deciding to take this important step.
Answered on Mar 27th, 2013 at 1:24 AM
Bankruptcy Attorney serving Concord, CA
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William Rubendall Attorney at Law
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A typical no asset chapter 7 bankruptcy lasts about 4 months from the time of the petition to the time the case is closed. The 341 meeting of creditors is about 5 weeks after the petition. Then there is a 60 day period in which creditors can object to the discharge or discharge-ability of a debt. After that the discharge is entered and mailed to the debtor. Shortly after that the case administration clerically closes the case. If there are assets to be liquidated it will stay open as long as necessary to administer the assets. Also, if a debt is disputed it will remain open until the adversary proceeding is completed.
Answered on Mar 27th, 2013 at 1:11 AM
If it is a simple Chapter 7 that is not contested by creditors, you could be all done in 4 to 5 months.
Answered on Mar 27th, 2013 at 1:04 AM