The Bankruptcy Timeline

Dupage County Bankruptcy Lawyer

The specific timeline involved with filing for bankruptcy will vary depending upon where you live, the particular circumstances of your case and whether you file a Chapter 7 or Chapter 13 bankruptcy petition. To learn more about your unique situation, contact Dupage County bankruptcy attorney Joseph Doyle for a free evaluation. We have also included a basic bankruptcy timeline below:

Within 180 days before filing a debtor must successfully complete a credit counseling course by an approved agency.
The debtor must be a resident in Illinois for a minimum of 90 days before filing in order to file a petition.
Upon determining if you qualify, either you or your lawyer can file your bankruptcy petition with your local bankruptcy court.
You or your lawyer must provide the bankruptcy court with information about assets, expenses, liabilities, property and other personal financial information within 15 days after filing for bankruptcy. Your repayment schedule must also be submitted if you are filing a chapter 13 case.
You must make your first payment within 30 days after filing for a Chapter 13 case, or must submit a Statement of Intention (statement of which debts, if any, you wish to reaffirm) for a Chapter 7 case.
A Meeting of Creditors will take place approximately 45 days after filing.
Approximately 6 months after filing, your Chapter 7 case will complete and the court will issue a formal discharge of all your eligible unsecured debt.
Approximately 3 years to 5 years after filing a Chapter 13 bankruptcy case, and upon the successful completion of your repayment plan, your eligible debt will be discharged.

Talk to a skilled Dupage County, Illinois bankruptcy lawyer about your case and find out more about how bankruptcy may affect you. Contact the Law Office of Joseph P. Doyle today!