The duration of a bankruptcy process can vary significantly based on several factors. Here are some key considerations:
Type of Bankruptcy:
Chapter 7 Bankruptcy: This is a relatively straightforward liquidation process. It typically takes around 3 to 6 months from filing to discharge.
Chapter 11 Bankruptcy: Reorganization under Chapter 11 is more complex. It can take anywhere from 6 months to several years, depending on the size and complexity of the business.
Business Size and Complexity:
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