Although most Chapter 7 bankruptcy cases in Nevada are closed and discharged within 4 to 6 months, there are some chapter 7 bankruptcy cases that may have additional complex issues and could pend for longer periods of time.
Answer to frequently asked questionChapter 13 bankruptcy takes longer to complete. A Nevada Chapter 13 bankruptcy case normally takes 3 to 5 years to close. The reason that a chapter 13 bankruptcy takes longer is because in a Chapter 13 the case is a reorganization bankruptcy where the debtor repays his/her debts over the course of time. The repayment period is usually between 3 and 5 years. Debtors who file Chapter 13 cases do so in order to obtain relief from actions such as to avoid payday loans, repossessions, and foreclosures to free up monthly cash flow.
If you are considering filing bankruptcy, especially if there are complex issues, it is advisable to consult with a qualified Nevada bankruptcy attorney. Erik Severino, our Las Vegas bankruptcy lawyer will improve your chances at a successful close and discharge of your Nevada bankruptcy. Call (702) 879-9262 for a free consultation. Speak with Erik about how long a typical bankruptcy takes to file in Nevada.