How long does it take to file for bankruptcy?

The time it takes to file for bankruptcy in California varies depending on the type of bankruptcy you are filing. Generally, it takes the average person between 4 and 6 months to complete the filing process. The process begins with the debtor attending a credit counseling session, which is typically done online or over the phone. This session must be completed within six months before filing for bankruptcy and provides guidance on credit and debt management to the debtor. Once the credit counseling is completed, the bankruptcy petition can be filed with the court. This step includes filing the necessary documents and forms to the court, such as the petition for bankruptcy, schedules and creditor matrix, statement of financial affairs, and completed Means Test. This process can take from several days to several weeks, depending on how quickly the debtor can submit the forms and documents. After the bankruptcy petition is filed, the court will issue a notice of filing and set a meeting of creditors. This meeting will typically be scheduled between 20 to 40 days after the filing of the petition. During this meeting, the debtor and creditors will discuss the debtor’s financial situation and the terms of the bankruptcy. After this meeting, the court will issue a discharge of debts, which is typically done within 60 days after the filing. In summary, it usually takes around 4 to 6 months to file for bankruptcy in California. This timeline may vary depending on the situation and the type of bankruptcy being filed, so it is important to consult with a bankruptcy attorney to ensure a timely and successful filing.

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How long does it take to file for bankruptcy?

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