How long does personal bankruptcy take?

Let’s start first with Chapter 7 bankruptcy. If you filed a bankruptcy case today, then your Meeting of Creditors would take place in approximately 30-45 days. The law states that the case must remain open for 60 days from the date of the Meeting of Creditors. If you filed a Chapter 7 petition then on January lst, your Meeting would … Read More

What Actually Happens at a Chapter 7 Meeting of Creditors?

One of the requirements of Chapter 7 bankruptcy is that you must eventually appear to answer questions under oath at a hearing. That hearing is called the Section 341 “Meeting of Creditors” . For the average Chapter 7 Meeting of Creditors, there are not a lot of creditors. In fact, if you have filed Chapter 7 bankruptcy and you don’t … Read More