Most filers pay back right into a five-12 months approach. Individuals that qualify for Chapter seven will have the option of a three-year prepare but often go Using the additional extended system—generally because the reduce regular payment raises the chance that the courtroom will
The court might agenda a brief last court docket overall look identified as a "discharge Listening to." If not, you can expect to get a discharge detect by mail about a month just after completing your approach payments or acquiring a hardship discharge.
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Often termed a “fresh begin” bankruptcy, a “cleanse slate” bankruptcy or possibly a “liquidation,&rdquo