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How Long Does Declaring Personal Bankruptcy Take?

April 26, 2017Bankruptcy declaring

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How Long Does Declaring Personal Bankruptcy Take?

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The overwhelming majority of individuals who file under chapter 7 can write off personal debt in just 4 to 6 months. However, those who file under chapter 13 due to non-exempt assets or an income above the state median, will need to make payment each month for a period of either 3 or 5 years.