You’re being sued over a credit card that you haven’t been able to pay. You know this because you were either served with papers in the mail or, to your total surprise, you were served by a sheriff. You’re scared. You’re thinking you might get arrested.
A Chapter 7 bankruptcy, where you liquidate your unsecured debts, will generally last about four months. A Chapter 13 bankruptcy case, where you pay back some or all of your debts, will generally last between three and five years. No matter the timeline though, there are three dates that are generally the most important in bankruptcy law.