How long does the bankruptcy process take?

The amount of time it takes to go through bankruptcy in Delaware depends on a few factors. Bankruptcy is divided into two main types: Chapter 7 and Chapter 13. Chapter 7 bankruptcy typically takes around 3-4 months to complete, while Chapter 13 bankruptcy is a longer process, with the court taking 3-5 years to finish. In both Chapter 7 and Chapter 13 cases, the filing of the necessary paperwork typically takes 1-2 weeks. However, if the paperwork is incorrect or incomplete, it can take longer. There may also be additional time needed to review any credit counseling certificates that are attached to the filing. After paperwork is filed, creditors may send a notification of their claim or dispute against the filing, and the court will either accept or reject the claim. This process can take from 1-2 months, depending on whether the creditor challenges the filing. Once all paperwork and investigations are complete, the court will issue a discharge order, which officially releases the filing from their debt. This step can take 1-2 months. Overall, it can take anywhere from 3-5 months to a few years to complete bankruptcy in Delaware, depending on the type of bankruptcy and the amount of information that needs to be processed.

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