How long will the proceeding last?
A Chapter 7 case begins with the filing of a petition and ends with the closing of the case by the court. If the debtor does not have any nonexempt assets for the trustee to collect, the case will most likely be closed shortly after the debtor receives his or her discharge, which is usually only a few months after the case is filed. If the debtor has nonexempt assets for the trustee to collect, the length of the case will depend on how long it takes the trustee to collect the assets and perform his or her other duties in the case. A debt consolidation plan generally lasts for three (3) years to five (5) years, unless all debts can be paid off in full in less time. A debt consolidation plan cannot last longer than five (5) years.
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