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.
2006-07-29 09:04:44 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
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.
2006-07-29 09:07:56 · answer #1 · answered by shirley_corsini 5 · 1⤊ 0⤋
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.
2006-07-29 16:51:09 · answer #2 · answered by Credit Expert 5 · 1⤊ 0⤋
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..
2006-07-29 16:08:11 · answer #3 · answered by Anonymous · 0⤊ 1⤋
First of all, you have to find a bankruptcy lawyer.
2006-07-29 16:10:56 · answer #4 · answered by michelegokey2002 4 · 0⤊ 0⤋
Longer now, as the rules have been changed
2006-07-29 16:23:58 · answer #5 · answered by Anonymous · 0⤊ 0⤋