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It really depends on the court in which the bankruptcy is being filed. Some BK courts are, due to the downturn in the economy backlogged with pending cases. Some also have had a significant reduction in personnel (clerks, trustees, etc.) and that can have an impact.
Generally a BK takes from 120 to 160 *business days from the date of filing.
*Weekends and holidays are not considered "business days".
What else can I help you with?
How long do you have to wait to file bankruptcy after last bankruptcy?
You have to wait eight years after filing for Chapter 7 and 4 after filing for Chapter 13.
Do i have to take credit counseling before filing bankruptcy?
Yes, you are required to complete credit counseling before filing for bankruptcy. This counseling must take place within 180 days prior to filing and aims to help you explore alternatives to bankruptcy. After completing the counseling, you will receive a certificate that must be included with your bankruptcy petition. Failure to complete this step can result in your case being dismissed.
Will your credit rating be affected by your partner filing bankruptcy?
If your partner files for bankruptcy and you don't then the bankruptcy will not appear on your credit report. But you will be partly responsible for before bankruptcy filing. Generally filing bankruptcy will affect the credit rating of the individual who filed it.
If your husband files bankruptcy can they take the wifes' possessions?
It depends on that State's laws, but usually, if the wife is not a co-signor on any of the debt's that the husband is filing, she is exempt. To be on the safe side, check with the bankruptcy lawyer filing the petition.
In a Chapter 7 bankruptcy a person filing for relief is called a?
In a Chapter 7 bankruptcy, a person filing for relief is called a
How long does it take to see an improvement in credit score after filing bankruptcy?
About 4 to 5 years
How long do you have to wait to file bankruptcy after last bankruptcy?
You have to wait eight years after filing for Chapter 7 and 4 after filing for Chapter 13.
Should you take your money out the bank before filing bankruptcy?
yes
Do you have to take a credit counseling course prior to filing bankruptcy?
yes
You are filing for bankruptcy and the car is in your name only for insurance purposes and you use it to take your disabled mother about Can it be taken in bankruptcy?
No!
How long does it take for a house to be settled when filing bankruptcy for it to become available for sale?
Your question is somewhat complex, and there may be variations in the process due to laws of the state of jurisdiction for the bankruptcy filing. An excellent primer about either chapter 7 or 13 bankruptcy is "The New Bankruptcy, will it work for You?" 3rd edition by Stephen Elias, published in 2009 by Nolo; 346.078 E42N Dewey decimal. Also you might contact a paralegal or lawyer specializing in filing bankruptcy in the state of jurisdiction.
Do i have to take credit counseling before filing bankruptcy?
Yes, you are required to complete credit counseling before filing for bankruptcy. This counseling must take place within 180 days prior to filing and aims to help you explore alternatives to bankruptcy. After completing the counseling, you will receive a certificate that must be included with your bankruptcy petition. Failure to complete this step can result in your case being dismissed.
How long do you have to wait to marry after filing a chapter 7 bankruptcy?
A bankruptcy has nothing to do with your ability to marry. You can marry at any time.
Is it possible for a creditor to take your monthly salary after filing bankruptcy?
No, unless the creditor gets relief from stay or the bankruptcy is dismisssed.
Will your credit rating be affected by your partner filing bankruptcy?
If your partner files for bankruptcy and you don't then the bankruptcy will not appear on your credit report. But you will be partly responsible for before bankruptcy filing. Generally filing bankruptcy will affect the credit rating of the individual who filed it.
In order to file bankruptcy must you have a bankruptcy attorney?
If you are filing for personal bankruptcy it is not necessary to have a lawyer. If you are filing for business bankruptcy, you must retain a lawyer on your behalf.
Should a Christian file bankruptcy?
Filing bankruptcy has no affiliation with religion. If filing bankruptcy is he best financial options available, then you should do it.
