How long does it take to file for bankruptcy?

Filing for bankruptcy in Florida typically takes between four to six months. The process begins when an individual or business files a petition with the U.S. Bankruptcy Court. This petition triggers an “automatic stay” or protection from creditors which prohibits them from calling, writing, or taking legal action against the debtor. After the petition is filed, the court will set a date and time for a creditors meeting, which must be held no more than 45 days after the filing date. During this meeting, the trustee will ask questions about the debtor’s current financial situation and the debtor must answer truthfully. Once the creditors meeting is complete, the court will review the petition and make a decision within 60 days. If the court approves the petition, the debtor is granted a discharge, which means the individual or business is no longer liable for any unpaid debt. Finally, the court will prepare a document called the “Final Order of Discharge”. This document must be signed by the court and the debtor, and it marks the official end of the bankruptcy process. Once the Final Order of Discharge is signed, all debts are legally discharged, and the debtor can begin to rebuild their financial life.

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How long does it take to file for bankruptcy?

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