That's a good point. Mostly, clients file for bankruptcy to keep their creditors from getting their house scheduled for foreclosure. It's a good way to recover from large amount of debt. Chapter 13 is different. It can give clients a chance to pay their creditors within 3 to 5 years.
The amount of time the process of filing for bankruptcy takes depends on the situation of the person and the whole filing process. If you want a faster process, you can file for a Chapter 7, but only if you qualify for this bankruptcy option. There is also the Chapter 13, which takes a much longer route.
I agree with you, Louisa. It definitely depends on the situation of the person and type of the bankruptcy case that he/she will file for. Oftentimes, the time it takes depends on how the attorney handles the case. Of course, they need to study your case and meet with you several times to make an update and determine the necessary changes to make.
That's a good point. Mostly, clients file for bankruptcy to keep their creditors from getting their house scheduled for foreclosure. It's a good way to recover from large amount of debt. Chapter 13 is different. It can give clients a chance to pay their creditors within 3 to 5 years.
ReplyDeleteLance Simonetti
The amount of time the process of filing for bankruptcy takes depends on the situation of the person and the whole filing process. If you want a faster process, you can file for a Chapter 7, but only if you qualify for this bankruptcy option. There is also the Chapter 13, which takes a much longer route.
ReplyDelete-.Louisa Matsuura
I agree with you, Louisa. It definitely depends on the situation of the person and type of the bankruptcy case that he/she will file for. Oftentimes, the time it takes depends on how the attorney handles the case. Of course, they need to study your case and meet with you several times to make an update and determine the necessary changes to make.
ReplyDelete>Cade Culpepper