How Long Does the Bankruptcy Process Take in the Bronx?

Most people who file for bankruptcy want the process to be over as quickly as possible. However, although hiring an experienced Bronx bankruptcy attorney in the Bronx can help assure your bankruptcy goes smoothly, there is no way to determine exactly how long it will take.

One thing to remember is that before you file bankruptcy you must have lived in the state where you are filing for at least 90 days. Also, if you’ve taken a cash advance or taken out credit for luxury items in the months leading up to filing, that debt likely won’t be dischargeable.

Chapter 7 VS Chapter 13 bankruptcy

Another thing that impacts the length of the bankruptcy process is the type of bankruptcy you file. Chapter 7 and Chapter 13 are the two most common types of bankruptcy filed by individuals. Listed below is some information about each type of bankruptcy and the length of time each can take:

  • Chapter 7 is the most common type of bankruptcy and usually the fastest. Most Chapter 7 bankruptcies are complete within 6 months, although some can take up to a year. One factor that will influence the length of the proceeding is how quickly you can liquidate your assets. If you have limited assets to liquidate and your paperwork is completed accurately and efficiently, your bankruptcy could be over within a few months.
  • Chapter 13 bankruptcies usually involve more assets and can take between three and five years to complete. The reason is because in a Chapter 13 bankruptcy the court will arrange a repayment plan between you and your creditors before your debt is discharged. They will establish a date in the future and once all payments are made your debt will be discharged and your bankruptcy complete.

If you are considering filing Chapter 7 or Chapter 13 bankruptcy in the Bronx, you need the knowledgeable guidance of an experienced New York bankruptcy attorney to help you overcome your financial problems. A skilled bankruptcy Lawyer can guide you throughout the bankruptcy process and offer long-term solutions to your debt issues.

Contact a bankruptcy attorney in the Bronx

With over 30 years of experience in New York bankruptcy law, Thomas M. Denaro, Esq can help you get back on your feet. Call Thomas Denaro, Esq. today at (718) 863-6000 for a free consultation or click here to contact us online.

Thomas M. Denaro
About the Author: Thomas Denaro
Thomas M. Denaro is an experienced bankruptcy attorney serving the Bronx and surrounding areas. He represents Bronx families in bankruptcy court, and has handled thousands of Chapter 7 and Chapter 13 cases from beginning to end.