How fast does bankruptcy work?

Dallas TX Bankruptcy Law Attorneys

Ft Worth Debt Relief Lawyers – How Long is the Bankruptcy Process?

Most people who file bankruptcy want the process to be done and over with as quickly as possible. However, the process has to run its course. Time must be taken to ensure the legal paperwork is completed and processed correctly.

Any errors or incomplete paperwork can stall the process and put you right back at square one. A qualified Dallas TX bankruptcy law attorney at Fears Nachawati Law Firm can help you complete your paperwork, make sure all of the required documents are in order and filed in a timely manner. Time is of the essence, so call today to get the process started.

What Happens Once You File?

Once creditors and debt collectors are notified that you filed bankruptcy, they must:

  • Cease all collection activities such as lawsuits, garnishments and levies
  • Desist from calling your home or workplace
  • Communicate with you solely through your bankruptcy attorney

A Chapter 7 Bankruptcy: Streamlined and Straightforward

In our experience, a Chapter 7 bankruptcy typically takes from 4 to 6 months. The process is usually straightforward and involves filing a bankruptcy Petition on your behalf with the Court, along with documentation stating your income and expenses, your debts, your assets (including those assets you are claiming as exempt property), and property you own or sold/gave away in the last two years.

A meeting of creditors is then scheduled 30 to 45 days after your Petition is filed.

Following the creditor’s meeting, if all goes well, your Chapter 7 bankruptcy discharge should occur after a 60 day federal waiting period. The Court will notify you when your debts are discharged and you will also be sent a “Discharge of Debtor(s)” Order from the U.S. Bankruptcy Court.

Chapter 13 Repayment Plan Timeline

A Chapter 13 bankruptcy is filed similarly to a Chapter 7. Typically, your Ft Worth debt relief lawyer will set up a repayment plan according to your household income, debts, and assets, and the plan will be presented to the Trustee for review. A meeting of creditors, known as a 341(a) meeting, is scheduled about 45 days after you file, and your discharge occurs after completion of your repayment plan, which is typically three to five years.

Let Your Dallas Bankruptcy Attorney Guide You

One of our bankruptcy attorneys will guide you every step of the way, from the bankruptcy filing to the discharge of your debts. Call the Fears Nachawati Law Firm today at for a free case evaluation. We can answer your specific questions about the length of time it might take to have your debts discharged should you choose bankruptcy as your best option.