How long does the bankruptcy process take?

The length of the bankruptcy process varies depending upon the type of bankruptcy and other factors such as the number of creditors involved. Generally, a Chapter 7 bankruptcy, which is the most common type of bankruptcy, can take anywhere from three to five months. The process begins with the filing of the bankruptcy petition with the Indiana Bankruptcy Court. Once filed, the court will review the petition and issue a notice of the filing date. As part of the process, the debtor must also complete a debtor education course and attend a meeting of creditors. After that, the court will typically issue a discharge order, which releases the debtor from having to pay their discharged debts. For a Chapter 13 bankruptcy, the process can take from three to five years. This type of bankruptcy requires the debtor to develop a repayment plan, which is submitted to the court and then reviewed by their creditors. The debtor must make the payments outlined in the repayment plan for a period of time until the debt is discharged. In either type of bankruptcy, the process can take longer if there are disputes or other issues. Therefore, the exact timeline of the bankruptcy process is difficult to determine and can depend on the individual circumstances.

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How long does the bankruptcy process take?

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