How Long Does It Take to Go Bankrupt?

Answer

The process of bankruptcy can be done rather quickly. All you have to do is complete the forms, take them to your local County Court where usually you are declared bankrupt the day you file these forms. You can inquire with your local court if they are experiencing any delays, which will affect the duration.
1 Additional Answer
The time it takes for one to become bankrupt varies with the type of bankruptcy filed. The Chapter 7 bankruptcy takes up to 28 days, while Chapter 13 Bankruptcy takes 30 to 45 days for one to become bankrupt.
Q&A Related to "How Long Does It Take to Go Bankrupt"
No one except the companies knows for sure and it is not unusual. Companies have been going bankrupt since their introduction to the world.
http://answers.ask.com/Society/Government_and_Law/...
1. Visit a bankruptcy counselor chosen by the Office of the Superintendent of Bankruptcy for Ontario province. He will try to find you an alternative to bankruptcy, including talking
http://www.ehow.com/how_6811803_go-bankrupt-ontari...
they are running out of money.
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Was not just Swedish car makers, many went bankrupt during the Financial Crisis. In short, they had too much debt and global demand slumped for their products making it difficult
http://www.quora.com/Cars-and-Automobiles/Why-are-...
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