How long does it take for a loan to get discharged through bankruptcy?
How long does it take for a loan to get discharged through bankruptcy?
The answer to the question of how long does it take for a loan to be discharged through bankruptcy will depend on the type of bankruptcy you file. Chapter 11 and Chapter 13 cases will each have varying discharge timeframes. For example, a chapter 13 case may require you to pay for three to five years to get a discharge. A chapter 11 discharge will be finished approximately four years after filing.
When you file for bankruptcy, it's likely much more than a relief of your financial troubles. You've probably been living with the stress of mounting debts and the misery of endless collection calls. When all is said and done, you'll have a fresh start and could even be debt-free in as little as three years. However, that doesn't mean your financial woes are over just because you've filed for bankruptcy. There are plenty of ways to continue to pay off your debts afterwards, and one of the most important ones is through a discharge plan in your bankruptcy case.
If you have any questions or need a Bankruptcy Attorney, please call this law firm for a free consultation.
Ascent Law LLC
8833 S Redwood Road Suite C
West Jordan UT 84088
(801) 676-5506
