How long does it take to begin filing bankruptcy?

I need to file bankruptcy and I’m wondering how long does the process take.

I understand I have to take a class or something like that.

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Posted July 27th, 2010 in Bankruptcy Q and A. Tagged: .

5 comments:

  1. shirley c:

    Get an appt with a lawyer, Gather up all your bills. In an hour you are on your way. Six weeks later, up to 3 months later, it’s all over with.

    July 27th, 2010 at 10:40 pm
  2. serpeanta:

    gosh the laws changed now.. before one could do it easily.. 3 to 4 months.. now u have to qualify and not make any money to file for bk.. see an attorney on this one.. Bush signed a new law on BK..

    July 27th, 2010 at 10:40 pm
  3. michelegokey2002:

    First of all, you have to find a bankruptcy lawyer.

    July 27th, 2010 at 10:40 pm
  4. dukalink6000:

    Longer now, as the rules have been changed

    July 27th, 2010 at 10:40 pm
  5. Credit Expert:

    Shirley C ain’t gotta clue, hun. The bankruptcy laws changed 10/05. I assume you are planning to file Chapter 7 which is for a no asset case, and complete liquidation of debt. In that case you do have to go through a 6 month credit counseling session. If that doesn’t work then you can file BK 7. It costs around $2000 for an attorney to do it. You may want to file BK-13 try to pay for 6 months to stop creditors from calling, filing suit, leving wages and so forth. If you can’t pay then the BK-13 wage earner plan will be dismissed, and you can convert it to a Chapter 7. Then it’s 90 days until it’s discharged which means all your debt is erased.

    July 27th, 2010 at 10:40 pm

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