How quickly can you file Chapter 13?

How quickly can you file Chapter 13?

The Chapter 13 filing process generally takes 95 days from the filing of the petition to the approval of the repayment plan. But the bankruptcy won’t actually be discharged until the three- to five-year plan is completed.

How long do you have to wait to file Chapter 13 after Chapter 7?

four years
Chapter 7 before Chapter 13 If the court granted your first discharge under Chapter 7, you’d have to wait four years from the Chapter 7 filing date before filing a Chapter 13 case.

When do you need to file a chapter 13 bankruptcy?

If a debt management plan is developed during required credit counseling, it must be filed with the court. A chapter 13 case begins by filing a petition with the bankruptcy court serving the area where the debtor has a domicile or residence.

When does a chapter 13 plan need to be confirmed?

The rule requires that the debtor education certificate be filed within 45 days after the meeting of creditors, which is usually approximately 75 days after filing. If no objection to the original Chapter 13 plan is filed, the plan is usually confirmed within 30 days after the first meeting of creditors.

When is the final decree in a chapter 13 bankruptcy?

This occasionally delays the entry of the final decree, but we believe that it is in the client’s best interest to get all of the legal documentation the debtor is entitled to after a Chapter 13 plan has completed. Final Decree Time: 14 days after discharge (or approx. 67 months after filing) if no plan treatment follow-through is needed

What’s the average length of a chapter 13 bankruptcy?

For below-median debtors, the usual length is 36 months. For above-median debtors, the usual length is 60 months. And 60 months is the maximum term that a plan can continue. During the plan term, debtors make their payments to the trustee and communicate any significant changes to the trustee.

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