Chapter 7 Bankruptcy usually takes about 4-5 months, although your creditors cannot attempt to collect on the debts once your case is filed. Once your case is filed, the Bankruptcy Court sends out a notice to all your creditors with certain dates on it. One is the date for your Meeting of Creditors, normally referred to as a 341 hearing. A second date listed is the date for objections to the discharge date. This is a date by which your creditors and the trustees must decide if there is an issue with you receiving a discharge. If no objects to your discharge, the Court will normally send it out shortly after that date. The Court may hold the discharge if there are matters pending in your case such as a reaffirmation hearing.
One requirement to receive a discharge in a Chapter 7 bankruptcy is completing a Personal Financial Management Workshop and filing the certificate of completion with the Court. Another requirement, and one of the main reasons for people not receiving a discharge, is cooperating with the Chapter 7 Trustee's requests for documents or for the turnover of property.
Don't lose your discharge because you don't understand what is required. Let us guide you through the process. Contact us today or call our office at 757-276-6555!