What is the timeline for a Chapter 11 bankruptcy?

A Chapter 11 bankruptcy in West Virginia generally follows a set timeline in order to ensure a smooth process. After filing your case with the United States Bankruptcy Court for the Northern District of West Virginia, the Court will mail out a "Notice of Chapter 11 Bankruptcy" to all known creditors. Typically, a meeting of creditors is held 20-40 days after the filing. At the meeting, the debtor, creditors, and other involved parties have a chance to review the case. The next step in the Chapter 11 timeline is a "Statement of Financial Affairs" from the debtor. This document must be filed within 90 days of the filing of the bankruptcy. In addition, any required documents must also be filed within this time frame. The debtor then has 120 days to file a proposed plan of reorganization. After the plan is filed, the Court will hold what is called the "Confirmation Hearing" where creditors can vote on the proposed plan and ask questions. If the plan is confirmed, it must be implemented and the debtor must carry out the terms of the plan. Finally, the Court will issue a "Discharge Order" which states that the debtor is no longer liable for any of the debts from the time the case was filed. The debtor is then free from all the debts which were included in the filing. Overall, the timeline for a Chapter 11 bankruptcy filing in West Virginia can take several months to complete. It is important to work with an experienced lawyer to ensure that all steps are completed on time and in the right order.

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What is the timeline for a Chapter 11 bankruptcy?

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