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File Bankruptcy Petition with Court & Pay Filing Fees.
What to expect when filing Chapter 7 bankruptcy including a detailed timeline of what happens after your bankruptcy case is filed & before your discharge is granted.
Chapter 7 Bankruptcy Timeline. The Chapter 7 bankruptcy process has many steps. Your obligation includes gathering information required by the court and the trustee, taking a credit counseling course, paying a filing fee, which sets the court process in motion, attending a “meeting with creditors,” and more.
Most Chapter 7 bankruptcy cases take between 4 - 6 months to complete after filing the case with the court. The order erasing eligible debts can be granted as early as 90 days from the date the case was filed. No-asset cases are typically closed a couple of weeks after the discharge date.
Day 1: File bankruptcy petition with court & pay filing fees. Description. Filing a bankruptcy petition is your official request to the court to open your bankruptcy case. You can find the bankruptcy petition package online at www.cacb.uscourts.gov/forms.
Chapter 7 bankruptcy eliminates debts without requiring filers to repay creditors, often making it the preferred choice of bankruptcy filers. Chapter 7 is also the cheapest bankruptcy chapter to file and the quickest to complete, usually taking four months.
A chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area where the individual lives or where the business debtor is organized or has its principal place of business or principal assets.