How Long Does the Bankruptcy Process Take?
Interviewer: About how long does it take to go through the bankruptcy process on average?
Adam: I would say most people have resolution within probably two to four months. It can be started within as little as a day or two depending on how quickly they can get the paperwork together. The better organized the individual is, then the sooner the process takes to resolve.
Interviewer: From the very beginning to the very end, when everything is set and done, they might be looking at two to four months just depending on how organized they are?
What are the main steps involved starting from filing through resolution of the case? Are there any steps that we haven’t discussed yet?
During the Bankruptcy Process, There Will Be a 341 Meeting of the Creditors
Adam: They’ll have what is called a 341 meeting of the creditors. They have a second course that they are required to take. It has to be completed within 60 days of the 341 hearing. It’s not a very lengthy class. That would be it, other than going to the actual hearing.
By Adam Hunt