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).
How long does it take a lawyer to file Chapter 7?
Most Chapter 7 cases take from four to six months to complete.
How long does it take to file a petition for bankruptcies?
The average time to completion is four to six months. You begin the process by giving the bankruptcy court a petition that lists your debts, assets, and the information on your creditors. A meeting with a bankruptcy trustee will follow shortly after the petition is filed.
How long is the bankruptcy process and what are the steps to filing bankruptcy?
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The entire process ordinarily takes about four to five months to complete, and during that period, your creditors cannot take any legal action against you. At the end of the process, you are free from a large portion of what you had owed and your initial debts are gone forever.
What do lawyers do in bankruptcy?
A bankruptcy lawyer’s primary focus is to assist clients through court proceedings to reduce or eliminate debt or to proceed forward with bankruptcy. A bankruptcy lawyer’s clients may be individuals or corporations.
Can a Chapter 7 be denied?
The rejection or denial of a Chapter 7 bankruptcy case is very unusual, but there are reasons why a Chapter 7 case can be denied. Many denials are due to a lack of attention to detail on the part of the attorney, errors made on petitions or fraud itself.
What happens if a creditor objects to discharge?
If the court grants a creditor or trustee’s objection to a debt discharge, you’ll remain responsible for paying the debt. … Interested parties such as creditors or the trustee still have time to object to your bankruptcy discharge after your initial hearing.
What is the minimum debt to file bankruptcy?
There is no minimum amount of debt you must have in order to file for bankruptcy relief. While the amount of your debt is an important factor to consider, there are other more important factors to take into account in determining if a bankruptcy filing is in your best interest.
Can I keep my car if I file bankruptcy?
If you file for Chapter 7 bankruptcy and local bankruptcy laws allow you to exempt all of the equity you have in your car, you can keep the vehicle—as long as you’re current on your loan payments. … They may also give you the option to pay off the equity at a discount in order to keep the car.
How can I file bankruptcy with no money?
Eligible filers are able to file Chapter 7 for free. If your household income is less than 150% of the federal poverty level, you can ask the bankruptcy judge to waive your court fees with a simple application submitted along with your bankruptcy petition.
When you file bankruptcy who pays the debt?
The person who files for bankruptcy is typically the one that pays the court filing fee, which partially funds the court system and related aspects of bankruptcy cases. Individuals who earn less than 150% of the federal poverty guidelines can ask to have the fee waived.