How Long Does It Take To File Bankruptcy In Florida. But credit score is not the only factor lenders look at. You begin the process by giving the bankruptcy court a petition that lists your debts, assets, and the information on your creditors.
We will then educate you about the filing process, the role of the trustee and other important items to understand as you go through your bankruptcy proceedings. As long as the bankruptcy case is filed before the foreclosure action, the automatic stay will cancel the sale. How long does it take to file for business bankruptcy?
Your case starts when you file your paperwork with the local bankruptcy court and either pay the filing fee or request a fee waiver.
The time it takes to complete your bankruptcy case depends on how many assets and creditors there are. Your chapter 7 is comparatively quick as opposed to the more intricate chapter 11 or 13, and is generally discharged in three to six months. This usually takes a couple of weeks. There are really two separate timelines that come out of a chapter 7 case.