If you're considering filing for bankruptcy, you're probably also wondering how long it takes for the filing to take effect. Below are common concerns and questions that an induvial may have with regards to the timing of their filing and what it means for their bankruptcy protection.

How long does the process take? On average:

  • Chapter 7 = Four to six months
  • Chapter 13 = Three to five years

When will debt collectors and creditors stop contacting me?

The bankruptcy will temporarily stop all actions that a creditor can take against you, your property, and assets once your case has been filed and will become final upon the entry of the discharge.

How fast can it stop foreclosure on my home?

In most cases, it will stall the foreclosure proceeding even if you want to let the home go as part of the bankruptcy.. You will want to discuss your situation with your bankruptcy attorney during your consultation.

How long does it take to impact my credit score?

Immediately. Your credit is impacted almost immediately. A chapter 7 filing can remain on your credit report for up to 10 years and a chapter 13 filing can remain on your credit score for up to 7 years.

Our bankruptcy lawyers will help guide you through every step in the bankruptcy process and answer any questions you may have. Contact our bankruptcy hotline at (816) 842-6200 or click here to send us an email from our website.

Jason C. Amerine
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President and Owner, Castle Law Office of Kansas City
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