Behm Law Group, Bankruptcy Attorneys

Last weekend throughout the New Ulm, Minnesota area and across the country, folks set their clocks ahead one hour. Time has been a topic of conversation throughout the last week as we’ve been adjusting to new times for daylight and nightfall and work to recover lost sleep.

When it comes to your personal bankruptcy filing, time is also an important topic of conversation. Do you know how long it takes to undergo a Chapter 13 filing or how many days you have to wait before initiating your petition?

In today’s post, we’ll examine a few important aspects of your personal Chapter 13 bankruptcy timeline:

180 Days: After going through a counseling session with an attorney, the credit counseling certificate of completion you receive is good for 180 days. If you don’t file within this 180 day time frame, the certificate of completion will expire and you will have to re-take the credit counseling course and pay the course fee again.

30 Days: Once bankruptcy has been filed, the first payment to your bankruptcy trustee will be due within 30 days.

45 Days: In about forty-five days, the court will hold a formal creditor meeting. This will be an opportunity for you to testify under oath about information regarding your bankruptcy filing.

Two Hours: This is the length of the required bankruptcy education course once your case has been accepted and discharged.

Three to Five Years: With Chapter 13 cases, this is the typical amount of time it takes to formally discharge bankruptcy. This is also contingent on the successful completion of the predetermined pay schedule.

Time is of the essence in the New Ulm, Minnesota area. If you’re considering a personal bankruptcy filing, or if you feel like Chapter 13 may be the best option for you, it’s important to understand the length of time required for such a case.

For further information regarding your bankruptcy case, or to learn more about the process of filing, contact the professionals at Behm Law Group Ltd. today.