{"id":751,"date":"2021-12-29T20:39:44","date_gmt":"2021-12-29T20:39:44","guid":{"rendered":"https:\/\/severinlawfirm.com\/?p=751"},"modified":"2022-01-20T19:41:20","modified_gmt":"2022-01-20T19:41:20","slug":"how-long-does-chapter-7-bankruptcy-take","status":"publish","type":"post","link":"https:\/\/severinlawfirm.com\/2021\/12\/how-long-does-chapter-7-bankruptcy-take\/","title":{"rendered":"How Long Does Chapter 7 Bankruptcy Take?"},"content":{"rendered":"
When you\u2019re filing for bankruptcy, it can feel urgent due to creditors pressuring you to pay. You just want them off your back as quickly as possible. Luckily, Chapter 7 bankruptcy<\/a> typically only takes three to four months to complete. There are instances, however, where creditors object or other complications arise, resulting in a much longer timeframe.<\/p>\n Hiring an experienced North Dakota bankruptcy lawyer will ensure that everything goes as smoothly as possible in order to have your debts discharged quickly.<\/p>\n Chapter 7 is traditionally seen as a straightforward way to get rid of debt. Also known as \u201cliquidation bankruptcy\u201d, this type of bankruptcy allows debtors to get rid of a majority of their debts with the requirement of selling some of their assets to pay off unsecured debts. There are a significant number of exemptions to this, meaning that the debtor will never be required to sell everything they own. Once all assets are cleared, the remaining debt is removed.<\/p>\n It\u2019s important to note that there are a handful of debts that bankruptcy will not clear. This includes student loans, child support, student loans, back taxes, fraudulently incurred debt, recent large purchases over $550, alimony, and government fines and penalties.<\/p>\nWhat is Chapter 7 Bankruptcy?<\/strong><\/h2>\n
What Does the Process of Chapter 7 Bankruptcy Look Like?<\/h2>\n
Prior to Filing Chapter 7<\/strong><\/h3>\n