• Menu
  • Skip to primary navigation
  • Skip to secondary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

The Fisher Law Firm

Serving Suffolk and Nassau counties, as well as New York City

  • Home
  • About The Firm
  • Lead Attorney
  • Areas of Practice
  • Loan Modification
  • Real Estate
  • Wills & Estates
  • Contact Us
  • Home
  • About The Firm
  • Lead Attorney
  • Areas of Practice
  • Loan Modification
  • Real Estate
  • Wills & Estates
  • Contact Us
  • Home
  • About The Firm
  • Lead Attorney
  • Areas of Practice
  • Loan Modification
  • Real Estate
  • Wills & Estates
  • Contact Us

From Beginning to End, How Long Is the Chapter 7 Bankruptcy Process?

December 1, 2011 //  by carlfiser

A bankruptcy case filed under Chapter 7 of the Bankruptcy Code is the type of case in which a debtor seeks to discharge all of his or her unsecured liabilities (credit cards, personal loans, medical bills, judgments that are not liens on an asset, even personal liability on secured loans) without paying a percentage of those debts through a multi-year plan. Typically, one will file a Chapter 7 petition with the bankruptcy court (e.g., April 20th) and then meet with the Chapter 7 trustee about thirty days later (e.g., May 20th). At the meeting, the Chapter 7 trustee gets to ask you any and all questions about your financial situation, both present and past. The meeting with the trustee also is a forum in which the creditors are able to attend and ask you questions.

If all goes well at the meeting with the trustee . . . well, what does that mean? From your standpoint, “if all goes well” means if the trustee confirms that you have no assets that the trustee can sell to pay some of your debt or if the trustee finds that you do not have disposable income sufficient to convert your case into one under chapter 13. So . . . , if all goes well at the meeting with the trustee, then you must wait about sixty more days (e.g., to July 20th) for the period to run in which interested parties are able to object to the dischargeability of a particular debt or to the discharge of your debts globally. If that additional sixty or so days runs without an extension or the filing of a lawsuit by the trustee or a creditor, then the court will usually issue your discharge order and then administratively close the case shortly thereafter (e.g., July 21st to August 20th).

Therefore, to sum up, an uncontested Chapter 7 bankruptcy case will usually run from 90 to 120 days, from the filing of the petition to the close of the case. The momentous dates are the petition filing date, then the meeting with the trustee about 30 days later, then an additional 60-day period during which the trustee or creditors can object, then the discharge order and close of case. Be warned, though, that a Chapter 7 case can run many more months if the trustee must dispose of an asset to pay some of your debt.

Category: BankruptcyTag: "Treat your creditors with the same compassion they have for you"

Previous Post: « Bankruptcy, Your Credit (FICO) Score and Rebuilding
Next Post: Prepare for Bankruptcy – Necessary Documents and Planning »

Primary Sidebar

Recent Posts

  • Streamlining the Budget October 16, 2012
  • Collection Letters / Lawsuits / Judgments / Garnishments – How Much Time? October 11, 2012
  • Stopping the Madness October 3, 2012
  • Closely-Held Businesses and Corporations in Bankruptcy March 25, 2012
  • Take Control January 6, 2012
  • Automatic Stay and the Aftermath of Filing Bankruptcy December 26, 2011
  • Prepare for Bankruptcy – Necessary Documents and Planning December 16, 2011
  • From Beginning to End, How Long Is the Chapter 7 Bankruptcy Process? December 1, 2011
  • Bankruptcy, Your Credit (FICO) Score and Rebuilding November 29, 2011
  • Bankruptcy Is Your Legal Right and Not Other People’s Business November 28, 2011

Footer

Charles J. Fisher, Esq.

Charles J. Fisher, Esq. has a reputation in courts for his professionalism and a reputation for being easily accessible. We have a broad client base in a limited number of fields, which has enabled our office to be especially competent in what we do. Read more….

THE FISHER LAW FIRM

375 Commack Rd – Suite 204
Deer Park, New York 11729
Tel: (631) 456-4842

  • Home
  • About The Firm
  • Lead Attorney
  • Areas of Practice
  • Loan Modification
  • Real Estate
  • Wills & Estates
  • Contact Us

Site Footer

Attorney Advertising: This website is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

Copyright © 2025 The Fisher Law Firm · All Rights Reserved · Powered by Internet Marketing Services Inc.