How long does it take to complete a Chapter 7 Bankruptcy?

In Virginia, the length of time it takes to complete a Chapter 7 Bankruptcy can vary depending on a few factors. Generally, it takes about four to six months from the date the bankruptcy case is filed with the court until the discharge of a debtor’s debts. The first step of the Chapter 7 Bankruptcy process is filing a petition with the Bankruptcy Court. This includes providing detailed information about a debtor’s assets, liabilities, current income and expenses, as well as wages and bank accounts. Once the petition is filed, creditors are notified and the Bankruptcy Court will determine whether to grant the debtor a discharge of their debts. The Bankruptcy Court will require debtors to attend a meeting of creditors and complete a financial education course. A trustee is appointed by the court to review the information provided and investigate the debtor’s case. Once the debtor completes the necessary steps, the trustee will review the case and the court will decide whether or not the debtor is eligible for a discharge. If the court approves the debtor’s discharge, the debtor will receive a formal order from the court that states that all of the debtor’s eligible debts have been discharged. This completes the Chapter 7 Bankruptcy process. In Virginia, it usually takes between four to six months to get from the date of filing to the date of discharge.

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