How Long Does Bankruptcy Take?
You are sick and tired of dealing with your debts, and you want to be done with bankruptcy as quickly as possible. One of the first questions you may have about bankruptcy is: "How long does it take?"
The sooner you contact us at the Arizona Law Group of Trezza & Associates, the sooner our attorney can get started. While the time frames differ depending on the type of bankruptcy you file, the impact is immediate.
The Immediate Impact of Bankruptcy
As soon as you file bankruptcy, an automatic stay goes into effect. This automatic stay immediately puts a stop to:
In other words, the phone calls will stop, the letters will stop piling up and the stress will start evaporating. You will immediately feel the impact of bankruptcy.
Chapter 7 and Chapter 13 Time Frames
While a great deal of the stress you are facing is the result of the actions creditors are taking against you, the bottom line is that you want to be rid of your debt. Here's how long it takes:
- The Chapter 7 bankruptcy process takes approximately six months from filing to final discharge. You will have a fresh start in about half a year.
- The Chapter 13 bankruptcy process involves a debt payment plan that will last three to five years, depending on your situation. After that, your debt will be eliminated.
Contact Us to Learn More About the Bankruptcy Time Frames in Arizona
Every case is different, so it is important to discuss your situation with a Tucson attorney before making a decision. Contact us to discuss your options.
