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.

Related FAQs

What is the meaning of a bankruptcy discharge?
What will happen to my co-signers if I file for bankruptcy?
What is the process for filing for bankruptcy?
How does filing for bankruptcy affect my retirement benefits?
What is the 341 meeting of creditors?
Are there any debts that cannot be discharged in bankruptcy?
Will bankruptcy stop wage garnishment?
How do I know if I am eligible for Chapter 7 or Chapter 13 bankruptcy?
What is a reaffirmation agreement?
Can I keep my car when filing for bankruptcy?

How long does it take to file for bankruptcy?

Related FAQs

Related Blog Posts