The length of the bankruptcy process depends…

By: Darrell Castle

If you’re in debt and considering bankruptcy, you’re probably wondering how long the process will take. I certainly don’t blame you; you’re eager to establish your financial freedom and get your cash flow back.


Well, how long the bankruptcy process lasts depends on which bankruptcy chapter you file for.

If you file a Chapter 7 bankruptcy, your debts that are dischargeable will be discharged with no plan payments to make – it’s as simple as that. Assuming there are no complications, a Chapter 7 will not reach final discharge for 3-4 months after filing, and there’s usually nothing for the client to do during this time – it’s a waiting game.

If you file a Chapter 13, you’re looking at a much longer time frame. When you file for Chapter 13, you’re reorganizing your debt into an affordable 3-5 year repayment plan. The more years your plan is, the lower the monthly payments are.

You may be thinking the obvious choice is a Chapter 7 because it takes virtually no time to process compared to a Chapter 13. However, both chapters have certain qualifications and incentives, especially when you’re trying to keep your home or car.

The Chapter 13 process is easy and requires only the affordable payments you have agreed to make.

Lucky for you, an experienced bankruptcy attorney can sit down with you, assess your financial situation and determine which chapter is best for you.

At Darrell Castle & Associates, we’ve received multiple Client Distinction Awards from Martindale-Hubbel for client satisfaction, so I can promise we have your best interest at heart.

Plus, we not only want to help you file for bankruptcy, but we also want to help you get back on your feet after the process. We do this by offering our clients free access to 7 Steps to a 720, our 14-week online credit restoration course. This course will teach you how to re-establish and rebuild your credit the RIGHT WAY.

If you’re considering filing for bankruptcy or if you have any questions, you can schedule a FREE consultation today by calling us at (901) 327-2100 or by filling out one of the contact forms on this page.