One of the more common questions asked by clients is how long their Chapter 7 Bankruptcy case will take. As a general overview, a Chapter 7 bankruptcy lasts about 120 days from the date the petition is filed in United States Bankruptcy Court until the date a discharge is issued in the case.
The more important question in this regard, however, is when clients will begin to see relief in the filing of their case. In the filing of any case, relief coincides with the filing of the bankruptcy petition. Once a petition is filed, an automatic stay is issued that prevents any creditors from attempting to collect on their debt. As a result, then, while the Chapter 7 Bankrupty may take 120 days to reach completion once filed, in reality, the relief that clients are seeking comes the moment they file their case.