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How long does a chapter 11 bankruptcy take?

Bankruptcy chapter 11
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How long does a chapter 11 bankruptcy take?

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Regine Kelly

Once you have filed a petition for bankruptcy this will remain on your credit file for approximately 10 years from the date of filing. If you have any property or assets that you want to keep such as an automobile you must sign a reaffirmation agreement which establishes a new contractual agreement.

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A chapter 11 bankruptcy case may continue for many years unless the court, the U.S. trustee, the creditors committee (if one is appointed), or another party in interest acts to ensure the case’s timely resolution.

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