How long does it take to file for bankruptcy?

Filing for bankruptcy in Virginia typically takes between three and six months. The process starts when you fill out the paperwork required to file bankruptcy. This paperwork includes forms such as a Statement of Financial Affairs, schedules of assets and liabilities, and a list of creditors. After filing your paperwork, you will need to attend a meeting of creditors which is usually scheduled about a month after filing. You will also need to complete a credit counseling course prior to the meeting of creditors. After the meeting of creditors, the Court will make a decision whether or not to grant your discharge of debt. Depending on the complexity of your filing and the number of creditors involved, it can take anywhere from three to six months for the Court to make a decision. Once the Court has made a decision, the discharge of debts will typically take place within one to two months. Overall, it can take up to six months to go through the bankruptcy process in Virginia. This includes both filing your paperwork and waiting for the Court’s decision on your discharge of debts. Remember, however, that different cases can have different timelines, so speak to a bankruptcy lawyer if you need more information about the process.

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