How long does the bankruptcy process take?

The bankruptcy process in Hawaii typically takes a few months to complete. It begins when the debtor files a bankruptcy petition with the court. The court then issues an automatic stay, which is a court order that stops creditors from trying to collect a debt. After the petition is filed, the debtor must attend two mandatory credit counseling courses within 180 days before filing for bankruptcy. This is to ensure debtors process their financial situation and complete another budget analysis. After the debtor completes these credit counseling courses, the court is notified and a meeting of creditors is scheduled. During this meeting, creditors can ask questions about the debtor’s assets and liabilities. After the meeting, the court may dismiss the debtor’s bankruptcy or allow the debtor to proceed. If the court allows the debtor to proceed with the bankruptcy, then the debtor must file a repayment plan with the court. This plan will list the debtors non-exempt assets, income, and expenses. The bankruptcy process in Hawaii can take between two and six months. This time frame can vary depending on the complexity of the case and the court’s schedule. The debtor will not receive a discharge of their debts until the process is complete.

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