How long does a chapter 7 take before I get my discharge?
Chapter 7 is often referred to as a "straight liquidation." The Trustee is the repesentative of the creditors and he/she is looking to liquidate property of the debtor(s) in order to pay back the unsecured creditors.
Once the debtor files the bankruptcy petition, the 341 meeting will be held about 30 days after the petition is filed. The 341 meeting of creditors usually involves the Trustee asking a series of questions to the debtor. After the 341 meeting, it usually takes between 60-90 days to get a discharge on the unsecured debt portions.
Once the bankruptcy court issues an order for the discharge, that debt is wiped out and those creditors are forever barred from collecting on those past debts.
If you have questions about Florida Divorces or Bankruptcy Law contact a Florida Attorney
Greg Gilbert
Keith Maynard
