topic Re: How long it takes for Chapter 7 ? in Bankruptcy

How long it takes for Chapter 7 ?

Red1Blue — Wed, 12 Sep 2018 17:16:08 GMT

I am debating if I should file for Chapter 7 and clear my debts. How long it takes for the Chapter 7 to complete ?

Re: How long it takes for Chapter 7 ?

Anonymous — Wed, 12 Sep 2018 20:49:15 GMT

I filed on May 18th. I was discharged on July 28th.

Re: How long it takes for Chapter 7 ?

Red1Blue — Wed, 12 Sep 2018 20:51:42 GMT

Thanks. Did you hire an Attorney to help you ? I am debating filing Chapter 7 vs. hire a credit consolidation company and see if I can settle them.

Re: How long it takes for Chapter 7 ?

Anonymous — Thu, 13 Sep 2018 15:27:47 GMT

It all comes down to how much you owe, can afford to pay, etc.

If you pass the Means Test and qualify for Ch7 and are unable to pay ~50% of your debts, Ch7 is definitely the way to go. I hired an attorney in January 2017, filed in May, discharged in September. Greatest decision I've ever made (aside from marrying my wife ). Attorney will run you ~$3500 which in my case was absolutely worth it

Re: How long it takes for Chapter 7 ?

shadanat — Thu, 13 Sep 2018 19:48:43 GMT

I filed in June 2017 and discharged September 2017. I used an attorney and he was $1,200. Worth every penny

Re: How long it takes for Chapter 7 ?

Anonymous — Sat, 15 Sep 2018 17:30:34 GMT

I filed Chapter 7 in December 2010. Went to the small hearing in January 2011 and bankruptcy was discharged on March 16 2011. Well worth the money if you have a lot of debt. I paid $1200 for my Attorney as well.