Memphis Chapter 7 Bankruptcy Attorney

You are filing a Chapter 7 case with the hopes of getting a fresh financial start. While there may be some stress involved with the bankruptcy process, you are also anticipating a life without the debt that has suffocated you. One of the first questions that clients ask us is when they can anticipate being done with their case.

There are numerous steps that must happen before you can complete Chapter 7 bankruptcy and get your discharge from debt. After you file, there are several steps to follow:

  • You would attend a creditor meeting where you would need to answer under oath about the information that you submitted as part of your filing
  • You must wait 60 days to see if any creditors object to bankruptcy
  • You must attend a financial counseling course because rehabilitation is the goal of the bankruptcy process
  • There are a myriad of forms that you must fill out and file with the court

The general timeline is that a bankruptcy filing will take 4-6 months from filing to finish. However, the timeline could depend on the amount of assets that you have. If you have little to no assets, the case may be done sooner because there are fewer issues with liquidation and bankruptcy exemptions.

Chapter 7 bankruptcy is much quicker than the debt restructuring you receive in the Chapter 13 filing. However, not everyone will qualify for Chapter 7 because they may have more income than is allowed.

Call a Memphis Chapter 7 Bankruptcy Attorney Today

The Hurst Law Firm can guide you through the entire bankruptcy process from start to finish, counseling you on your options and working with you on the paperwork. Call us today at 901.725.1000 or message us online to schedule a free phone consultation.