How Long Does It Take To File Bankruptcy In Texas. A meeting with a bankruptcy trustee will follow shortly after the petition is filed. The business or individual has four months to come up with a reorganization plan, which can be extended to 18 months.
It might take longer if any number of things happen, such as: There are bankruptcy judges for each u.s. (if your state’s exemption offers less than this amount, the law is irrelevant to you.)
Pay the creditor the value of the collateral in one lump sum within about 2.5 months of filing the bankruptcy;
The only cases they work on are bankruptcy cases. You begin the process by giving the bankruptcy court a petition that lists your debts, assets, and the information on your creditors. Bankruptcy code is divided into chapters. Once complete, you’ll file your paperwork in the texas bankruptcy court.