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.
When Will I Begin to See Relief from My Bankruptcy Case?
Once a petition is filed, an automatic stay is issued that prevents any creditors from attempting to collect on their debt. While Chapter 7 Bankruptcy may take 120 days to reach completion once filed the relief comes the moment they file their case.
Remember: some debts do not go away after you file bankruptcy!
Some examples include:
- Child Support
- Student loans
- Certain taxes
Find out if Chapter 7 bankruptcy is right for you, schedule a free consultation with our Chicago bankruptcy lawyer. Call 312-957-8077 to find out our next available times!
