How long does the bankruptcy process take? when do the creditor calls stop?
That depends on whether yours is a Chapter 7 or Chapter 13
proceeding. Usually the most important thing for my clients
is that, as soon as you file you can stop the credit calls
no matter if you file Chapter 7 or Chapter 13.
Chapter 7 typically runs its course from start to finish in
about three months. The biggest issue is finishing the
bankruptcy is collecting all the paper worked needed to file
the bankruptcy. This is due to the new bankruptcy laws of
2005. You will need to collect everything required in the
means test. If you are considering filing start organizing
your paper work and documents NOW.
A Chapter 13 usually takes three years to complete but in
special cases can take up to five years. This is because in
a chapter 13 ( a debt repayment plan ) the bankruptcy is
completed when the payments are completely received by the
creditor.
What bankruptcy you file either Chapter 7 or chapter 13
depend on the "means test". When you go in for an bankruptcy
consultation your lawyer can explain your options. You may
call our office for a free consultation.
