"How Long For Chapter 7 Discharge" Discussion

Upsolve Community Member
Thanks so much for asking, Ariel!

Upsolve Community Member
This might be helpful to you! https://upsolve.org/learn/rebuild-credit-after-chapter-7-bankruptcy/

Upsolve Community Member
This could help too! https://upsolve.org/learn/chapter-7-discharged/

Upsolve Community Member
You might find this article helpful: https://upsolve.org/learn/how-long-does-chapter-7-take/

Upsolve Community Member
Does anyone want to share their personal timeline here as well? 

Upsolve Community Member
If it's a "no asset case" it's normally 60 days! 

Upsolve Community Member
In my case, it was in the early Covad days so everybody was adjusting from face-to-face to Zoom. My 341 was on April 20 (Zoom), and my Discharge June 1, 2020. So 60 days for me which for that very uncertain time, was pretty impressive! :-) 

Upsolve Community Member
My 341 was in early September and I was discharged in late November

Upsolve Community Member
Lenders can only report true things to the credit reporting agencies. This, unfortunately, means that a repossession can hit your credit report any time it happens, regardless of bankruptcy. 

Upsolve Community Member
So even if I surrender it now, just a few weeks after it will show as a repossession? So if I'm understanding this, that no matter if it's during the open bk, it's reported as such?

Upsolve Community Member
RC Thanks for asking this! Does your credit reporting agency have any information on this? 

Upsolve Community Member
Hi Dottie,  A Chapter 7 bankruptcy typically takes about 4 - 6 months to complete after filing. Here is an Upsolve article to give you some guidance: https://upsolve.org/learn/how-long-does-chapter-7-take/

Upsolve Community Member
The deadline for creditors to object happens 60 days after the 341 Meeting! Once the deadline to object to the discharge has passed, the court will enter the discharge order.  

Upsolve Community Member
Let us know if you have any questions about this! 

Upsolve Community Member
Hi Brenda, I'm so happy to hear that Upsolve was able to help you! This article has some helpful information about learning if tax debts were discharged: https://upsolve.org/learn/what-is-a-bankruptcy-discharge/

Upsolve Community Member
You can start to learn how bankruptcy impacts your credit, and how prospective creditors may view your applications, here: https://upsolve.org/learn/how-long-bankruptcy-on-credit-report/

Upsolve Community Member
Congratulations on your discharge!