Filing for bankruptcy can feel overwhelming, especially when you’re unsure how long the process will take. Whether you’re facing mounting debt, wage garnishment, or constant collection calls, knowing the timeline can help you plan your next steps with confidence. For many people in North Carolina, bankruptcy provides a fresh start—yet the path from preparation to filing involves several important steps. At the Law Office Of Calvin Craig, we can provide legal assistance to the Raleigh public and offer guidance throughout each stage of the process.

How Long Does It Take to Prepare and File a Bankruptcy Case?

The amount of time needed to file bankruptcy varies based on your situation and the type of bankruptcy you pursue. In general, the preparation period is often the most time-consuming part.

1. Gathering Financial Documents (1–2 Weeks)

Before filing, you must collect key financial information, including pay stubs, bank statements, tax returns, credit card bills, loan statements, and documentation of assets. The speed of this step depends on how organized your records are.

2. Completing Credit Counseling (1 Day)

Federal law requires you to complete a credit counseling course from an approved provider within 180 days before filing. This course typically takes 60 to 90 minutes and can be done online or by phone.

3. Attorney Review and Petition Preparation (1–3 Weeks)

Your attorney prepares the bankruptcy petition, schedules, and supporting documents. This step includes reviewing your debts, evaluating eligibility, and ensuring accuracy to avoid delays or dismissals.

Timeline for Chapter 7 Bankruptcy Filing

Chapter 7 cases move quickly compared to other types of bankruptcy.

• Preparing to File: 2–4 weeks on average
• Time After Filing: Once filed, the automatic stay goes into effect immediately, stopping collection actions.
• 341 Meeting of Creditors: Scheduled about 30 days after filing
• Case Completion: Most Chapter 7 cases are completed within 3–4 months

Timeline for Chapter 13 Bankruptcy Filing

Chapter 13 involves creating a repayment plan, which takes more time and coordination.

• Preparing to File: 3–6 weeks
• 341 Meeting: Approximately 30 days after filing
• Plan Confirmation: Usually within 2–3 months
• Repayment Plan Duration: 3–5 years

Can You File Quickly in an Emergency?

Yes. If you face urgent situations—such as foreclosure, repossession, or wage garnishment—you may file an emergency bankruptcy petition. This requires fewer documents initially and can be filed in as little as one day. The full petition must be completed afterward within a specific deadline.

Why Timing Matters

Understanding the timeline helps you:

• Stop collection actions sooner
• Protect assets before creditors act
• Plan for upcoming financial obligations
• Know when debt relief will take effect

Get Guidance Through Every Step

The bankruptcy process can be confusing, but you don’t have to navigate it alone. At the Law Office Of Calvin Craig, we can provide legal assistance to the Raleigh public and help you move forward with clarity and confidence.