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Little Falls, NJ 07424

How Long Does Filing for Bankruptcy Take?

filing Bankruptcy How Long Does it Take
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How Long Does Filing for Bankruptcy Take?  Clients frequently ask this question when contemplating filing for bankruptcy.  I know timing and getting moving on their case is important to them.

The answer is easy.   However, it depends on the bankruptcy lawyer services you receive.

When you hire me:

  • Your file is immediately started the day you hire me.
  • When all the required information I need for your case is provided, normally it takes me less than 5 days to complete your petition for your review/signature.
  • If there is an emergency, I file an emergency petition the same day.
  • Files do not sit around unattended in my office.
  • I am always reachable.

How Long Does Filing for Bankruptcy Chapter 7 Take once your case if filed?

  • In most cases, Chapter 7 bankruptcies are completed in 90 days.
  • Exceptions:
    • Assets that have to be administered such as a house or a personal injury claim.
    • Litigation directly related to your bankruptcy such as a non-dischargeability complaint by a creditor or an objection to your discharge by a trustee or party in interest. Then, it could take much longer.

How Long Does Filing  for Bankruptcy Chapter 11 Take once your case is filed?

Chapter 11 cases vary greatly so it is difficult to generalize.    However, Subchapter V of Chapter 11 Cases take much less time and are expedited.

How Long Does Filing for Bankruptcy Chapter 13 Take once your case is filed?

  • Most Chapter 13 cases get confirmed within 60-90 days after filing.
  • The Chapter 13 Plan, however, will usually last between 36 to 60 months.
  • In many situations, plans have been completed in less than 36 months.
  • In fact, I can recall one case completing within 11 months.
  • Every case is different.

However, most clients wait far too long before they make an appointment to decide is best for their situation.    Don’t let your financial situation depress you or drag you down, before you take that initial step.

Below are some thoughts to think about to motivate you to move forward and improve your financial future.   See if bankruptcy is an option for you.

Quotes to think about to get you moving rather than procrastinating:

  • Once time passes, you can’t get it back
  • You control your time
  • Time changes everything faster than we can keep track of
  • Life moves fast
  • Time flies once you’ve established a routine
  • You can’t compensate for lost time
  • Don’t spend too much time thinking of doing things. Just do them
  • Only people who think about time realize how fast it passes
  • The more time passes, the clearer things get

Quotes to think about so you do not procrastinate:

  • Procrastination is the thief of time.
  • Someday is not a day of the week
  • A year from now you may wish you had started today
  • There is nothing so fatal to character as half-finished tasks
  • You may delay, but time will not
  • In delay there lies no plenty
  • You may delay, but time will not

Take that first Step Now and Call me for  a Free Bankruptcy Consultation:    Ralph A. Ferro, Jr., Esq,  Bankruptcy Expert – Board Certified.

Keep in mind, if your house is scheduled for a Sheriff’s sale, (you can find details of Sheriff’s sales in Essex County.)  Each County has a website similar to this.

I can file an emergency petition the same day.   I can stop the sale of your home immediately.