How Long Does Chapter 11 Bankruptcy Take?
A typical individual or husband and wife Chapter 11 case will take no less than 150 and usually no more than 700 days from start to finish. Many variables enter into this timing issue, but, the typical case is over in about one year. Milestones typically come as follows:
Initial meeting to assessment and recommended plan — 10 days
Plan meeting to filing of petition — 10 days
Filing to hearings on first day motions — 1 to 3 days
US trustee office introductory meeting — 5 to 14 days from filing
Case management meeting with the court — 14 to 21 days after filing
First meeting of creditors — 14 to 45 days after filing
Filing of plan and disclosure statement — At filing up to 180 days after filing
Plan confirmation (if confirmed) — 30 to 50 days after Plan filing
Notice of case closure — Plan dependent, usually 45 days after confirmation
Discharge — End of plan repayment period (typically 60 months, plus 30 days for motion and hearing)
Contact a Chapter 11 Bankruptcy Lawyer for More Information
To learn more about Chapter 11 bankruptcy timing from an experienced attorney in The Woodlands, Texas, please contact us online or call 281-419-8733.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.