Dean David A. Reingold shares progress on the strategic goals for the College of Liberal Arts.
The length of a bankruptcy case depends on many circumstances, but it mostly depends on which type of bankruptcy you file. There are two main types of personal bankruptcy: Chapter 7 and Chapter 13. Generally: 1  Chapter 7 debt discharge bankruptcy = 3-6 months. 2  Chapter 13 bankruptcy repayment plan = 3-5 years.
Chapter 13 Bankruptcy. In contrast to a liquidation proceeding, filing for Chapter 13 bankruptcy allows you to keep your property. During a Chapter 13 bankruptcy case, you create a repayment plan that takes between three to five years to complete. You must file your proposed Chapter 13 either with your bankruptcy petition, or within 14 days after filing your bankruptcy petition. During the repayment plan, you will make a monthly payment to your Chapter 13 bankruptcy trustee, who is then responsible for distributing the funds to your creditors.