How Long Does Bankruptcy Take?

If you are considering filing for bankruptcy, you may be wondering how long it will take to get through the bankruptcy process and obtain the discharge of your eligible debts. The type of bankruptcy you file will have a direct impact on the length of time required to complete the bankruptcy process. A Chapter 7 bankruptcy generally takes between 3-6 months, while a Chapter 13 bankruptcy will last an average of 3-5 years. This is due to the fact that in Chapter 7 bankruptcy, the majority of a person's unsecured debts are simply discharged as a result of his or her inability to pay.

In Chapter 13 bankruptcy, an individual is given the opportunity to restructure his or her debt and work out a payment plan to get that debt paid off within a 3 to 5 year period, without having to liquidate or get rid of valuable assets and property. In most cases, whatever qualifying debt still remains at the end of the specified time period will then be subject to discharge.

We at The Fuller Law Firm, PC are steadfast advocates for consumer rights. We understand there are many circumstances in life which can lead a person to the brink of financial ruin, and we are committed to doing everything we can to help guide our clients through the bankruptcy process so that they can be given a fresh financial start.

Our founding partner is commonly called upon to teach bankruptcy law as part of attorney Continuing Legal Education programs and each of our lawyers has a comprehensive understanding of the laws pertaining to consumer and debtor rights. One of the building blocks of our success is that we treat our clients with the respect and compassion they deserve, regardless of the financial situation in which they have found themselves. By helping our clients avail themselves of the benefits of bankruptcy, we are allowing them to regain control of their finances and move on with their lives. Contact our firm now so that we can have an Oakland bankruptcy lawyer answer any questions you may have and help you determine which type of bankruptcy may be right for you.