Linggo, Abril 29, 2012

How Long Does the Bankruptcy Process Take?

When faced with debt, concerned people often ask, “How long does the bankruptcy process take?” The answer depends on a number of factors, including the type of bankruptcy they are filing for and how quickly filers can gather their proof of income and debts. Typically, Chapter 7 bankruptcy takes about a month from the first filing to the courts declaring bankruptcy. In contrast, Chapter 13 bankruptcy Los Angeles can take three to five years to clear debt.