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Bankruptcy

: The Debt Podcast

How long to complete a Chapter 7 bankruptcy?

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The most common form of consumer bankruptcy, a Chapter 7 filing, takes about 90 days to complete.  For each case filed, the court assigns a trustee and schedules a date for a meeting of creditors.  This meeting occurs about 30 days into the process.   (And it does NOT take place in a courtroom.) At the meeting of creditors, the bankruptcy trustee [...]

Full post as published by The Debt Podcast on August 07, 2009 (boomark / email).

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