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Mar
03

Filling bankruptcy can stop foreclosure? How long does a bankruptcy proceeding may take?

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Depending on what chapter you qualify for tells the time frame of how long it takes. Short version: A chapter 7 if you qualify for that will take approx 4 months from start to finish. You would retain the attorney, a month later go to court, and then 3 months later get your discharge, barring there are no problems with your case. If you don’t qualify for a chapter 7, and make too much income, you go into a chapter 13 payment plan, which are payments run thru the bk court system and they usually run 5 years, depending on income, some can run for 3 years. You can review a few websites for more information: www.bcsalliance.com www.totalbankruptcy.com or www.usbankruptcy.gov Good Luck!

  1. S P Said,

    Depending on what chapter you qualify for tells the time frame of how long it takes. Short version: A chapter 7 if you qualify for that will take approx 4 months from start to finish. You would retain the attorney, a month later go to court, and then 3 months later get your discharge, barring there are no problems with your case. If you don’t qualify for a chapter 7, and make too much income, you go into a chapter 13 payment plan, which are payments run thru the bk court system and they usually run 5 years, depending on income, some can run for 3 years. You can review a few websites for more information: http://www.bcsalliance.com http://www.totalbankruptcy.com or http://www.usbankruptcy.gov Good Luck!
    References :
    Former BK Legal Assistant

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