How long does a bankruptcy case take?
How
long does a bankruptcy case take? - Even with the fifteen-fold
increase in bankruptcy filings over the last 20 years, a typical
case only takes about four to six months once it is filed. Of
course, preparation for filing the case may take longer, depending
on your circumstances. There is the new requirement for
credit counseling which takes about 45 minutes of your time and a 5
minute phone call. There is typically only one hearing which
occurs about thirty days after the filing date and that hearing
usually takes about ten minutes. Don't be mistaken however,
the hearing is a serious matter and your responses are recorded on
tape for future reference. Thereafter, creditors are given 60
days to object to your case. While the creditors are deciding
whether to object to your case, you are required to take a family
budgeting education course which takes about 90 minutes.
Then the Court reviews the matter for bookkeeping and a discharge
finalizing your case is usually issued within five months of the
filing date.

