While no two cases are the same, the average length of a Chapter 7 bankruptcy is four to six months. Even though this will be a challenging time in your life, thanks to all of the details associated with the process, there is a light at the end of the tunnel. You should realize that you are closer than ever to getting your finances back in order.
Note: the length of your Chapter 7 bankruptcy case depends on many factors, such as the county and state in which you live. For example, some courts are known for taking longer than others to move through the process.
Could it Take Longer?
There are circumstances that could extend the length of your case. Here are some of the things that could delay the process:
- The trustee requires more information.
- You neglected to complete the required personal financial management education in a timely manner.
- A creditor decides to challenge the discharge of a particular debt.
- You are interested in discharging student loan through Chapter 7 bankruptcy.
If everything goes as planned, you can expect your Chapter 7 bankruptcy case to come to an end within six months at the most. This may sound like a long time, but there are details that will keep you busy along the way.
Tip: to improve the chance of a smooth process, consult with a bankruptcy attorney. A legal professional can provide you with advice, answer your questions, and make sure everything is moving forward in an efficient manner.
When it comes to Chapter 7 bankruptcy, there are going to be challenges and frustrations. Just remember one thing: the process will come to an end within four to six months.