Do bankruptcy cases take a long time? 32 Answers as of September 13, 2011

A chapter 7 bankruptcy takes about 4 months. Chapter 13 payment plans take between three and five years.

Everyone's case is different and so are the time lines. If you are talking about how long it takes from the time you file until the discharge date, that depends on what type of bankruptcy you file. If you file a Chapter 7 it should only take 90-12 days from date of filing until discharge unless there are issues that arise. A Chapter 13 takes 3-5 years.

That depends. A Chapter 7 can be done in about 4 months, (5 where I practice). A Chapter 13 can take anywhere from 36 to 60 months. A Chapter 11 can be done in less time but the payments can go longer.

4 months in Chapter 7, up to 60 months in Chapter 13 debt consolidation/reorganization.

A chapter 7 can be completed within a few short months. A chapter 13 can take much longer, into the period of years.

A Chapter 7 should be completed within about 4 months. A Chpater 13 is much longer as you have to complete the payment plan of at least 3 years. They will both remain on your credit for 10 years.

The answer depends on what chapter bankruptcy you file. A Chapter 13 can last from 3 to 5 years. A Chapter 7 case if a no asset case will last an average of 6 months. A Chapter 7 case can last up to 1 year or more while payments are made to the trustee and distributed to the creditors.

There are two different types of bankruptcies that most consumers file, a chapter 7 and a chapter 13. A chapter 7 is a short process. It is approximately 3 months from the time the case is filed with the court until you receive your discharge ( a discharge is the goal of any bankruptcy, it relieves you of your legal obligation to pay the debt back). The chapter 13 is a plan of reorganization where you pay a portion of your debt back over the next three to five years. So, as a general rule, a chapter 7 is a good option when you just have unsecured debt (credit cards, personal loans, medical bills, etc). It is over quickly and you are back to re-building your credit. If you have some sort of debt that needs to be re-organized (a mortgage to save your home from foreclosure, substantial tax debt) or if you don't qualify for the Chapter 7, then the Chapter 13 is a good option to re-organize the debt. The plan of re-organization can be for 3 years or 5, depending on what is best for your circumstances.

Going through the legal part of Bankruptcy does not take a long time. Filing a Chapter 13 will result in you making payments on the "Plan" for up to five years, however your Plan can be approved within a couple of months and as long as you make your payments you shouldn't be back to the Court at all. Filing a Chapter 7 can be over in as little as five months. How you choose rehabilitate your credit is what will take the most amount of time. Careful planning and thoughtful use of credit will help.

Generally a Chapter 7 bankruptcy takes 4 months. A chapter 13 bankruptcy takes 36-60 months to complete. Good luck!

Chapter 7, which is to get rid of debts like credit cards, medical bills and personal loans ("unsecured debts"), takes 3 months generally if no complications and no assets for the trustee to distribute to creditors (as in probably 95% of the cases). Chapter 13, which is to reorganize and/or restructure secured debts or for those who cannot or should mot file under Chapter 13 and must make some payment to unsecured creditors in a plan, takes a minimum of 3 years up to a maximum of 5 years (less than 3 years if 100% of the unsecured debts and other mandatory payments are paid in the plan which is extremely rare).

A Chapter 13 will last from 3 to 5 years. Chapter 7's can stay open anywhere from 4 months to many years.

A chapter 7 bankruptcy takes about 3-4 months while a chapter 13 bankruptcy can take up to 5 years to complete.

Three to five years for a chapter 13. Three to five months for a chapter 7.

The quick answer is it depends. Generally speaking a simply no asset Chapter 7 case will take between 3 and 5 months from the time you file your petition to the time you receive your discharge. A Chapter 13 case takes between 3 and 5 years from the time you file to the time you receive your discharge. These time estimates pre-suppose that you are working with a competent bankruptcy attorney, going it alone can cause considerable problems that may make your case take considerably longer as you may face extensions on the Trustees deadline to object to discharge (or worse a dismissal) while you attempt to comply with all of the rules.

Chapter 7 bankruptcy takes 4 1/2 to 5 months.

About 100 days start to finish for a Ch 7 and 3-5 years for Ch. 13.

If it's a simple Chapter 7, about three months. If it's a Chapter 13 bankruptcy, it is a 3 to 5 year repayment plan, so it is obviously three to five years.

For a Chapter 7 it should take 90-120 days. For a Chapter 13 repayment plan it is anywhere from 36 to 60 months.

A chapter 7 case can take as little as 4 months. A Chapter 13 case can run 3-5 years. A Chapter 11 case can run even longer.

I have a typical "lawyer answer" for you: it depends. But in all seriousness, it does depend - mainly on whether your are filing chapter 7 or chapter 13 bankruptcy. Chapter 7 bankruptcy is considered a liquidation bankruptcy and usually takes about 6 months to complete. Chapter 13 bankruptcy involves an extended repayment plan, which is paid over a period of 3-5 years. If you are seriously considering filing for bankruptcy protection, I recommend meeting face-to-face with an experienced bankruptcy attorney to decide which chapter best applies to your case.

Chapter 7 bankruptcy usually takes 4 to 6 months, sometimes longer, from filing to discharge. Chapter 13 repayment plans generally run from 36 months to as long as 60 months.