How long does a bankruptcy case take?
Most often, a Chapter 7 bankruptcy case takes about 90 days to complete after it is filed in court. On the other hand, a Chapter 13 bankruptcy case is designed to last 3 – 5 years.
Do I have to take a credit counseling class?
Yes, you will be required to take a credit counseling class prior to filing for either Chapter 7 or Chapter 13 bankruptcy. An additional credit counseling course will also need to be taken after the case is filed. Both courses can be completed online from the comfort of your home.
Do I have to go to court?
Yes, you will be required to attend the meeting of creditors. Most often, creditors do not attend and the only parties in attendance are the bankruptcy trustee, debtor, and debtor’s attorney. The hearing usually occurs about 30 days after the case is filed.
When are my bills wiped out?
As soon as the case is filed an automatic stay will be issued. The stay is a federal law that stops all forms of collection activity. The discharge is a court order which releases your personal liability on the debt. Typically, the discharge is granted near the conclusion of a case.
