How soon will i know if my bk was rejected ...

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How soon will i know if my bk was rejected

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It may take some time after

It may take some time after you file your bankruptcy petition before you know whether you will be approved for bankruptcy. If you file for Chapter 7 bankruptcy, which is a liquidation proceeding, your bankruptcy case should be completed in about six months. A Chapter 7 bankruptcy case can be rejected or dismissed at the outset if you are ineligible for bankruptcy because you do not satisfy the means test. The means test evaluates the amount of disposable income you have remaining each month after paying all of your necessary expenses. In addition, a Chapter 7 case can be dismissed or rejected if you do not submit the correct paperwork or if a creditor challenges your bankruptcy filing and the bankruptcy court agrees with the creditor.
The procedure for Chapter 13 bankruptcy can take longer than Chapter 7 bankruptcy, so you may not know for quite some time whether your Chapter 13 bankruptcy will proceed. Chapter 13 bankruptcy allows you to create a repayment plan to catch up on your debt. However, the bankruptcy court must first approve your plan, and your bankruptcy case can be rejected if you fail to submit a feasible plan.
Therefore, you may know immediately that your bankruptcy case is rejected, and it can take a few months for the bankruptcy trustee and court to examine your financial situation and determine whether to approve your bankruptcy filing.

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It may take some time after

It may take some time after you file your bankruptcy petition before you know whether you will be approved for bankruptcy. If you file for Chapter 7 bankruptcy, which is a liquidation proceeding, your bankruptcy case should be completed in about six months. A Chapter 7 bankruptcy case can be rejected or dismissed at the outset if you are ineligible for bankruptcy because you do not satisfy the means test. The means test evaluates the amount of disposable income you have remaining each month after paying all of your necessary expenses. In addition, a Chapter 7 case can be dismissed or rejected if you do not submit the correct paperwork or if a creditor challenges your bankruptcy filing and the bankruptcy court agrees with the creditor.
The procedure for Chapter 13 bankruptcy can take longer than Chapter 7 bankruptcy, so you may not know for quite some time whether your Chapter 13 bankruptcy will proceed. Chapter 13 bankruptcy allows you to create a repayment plan to catch up on your debt. However, the bankruptcy court must first approve your plan, and your bankruptcy case can be rejected if you fail to submit a feasible plan.
Therefore, you may know immediately that your bankruptcy case is rejected, and it can take a few months for the bankruptcy trustee and court to examine your financial situation and determine whether to approve your bankruptcy filing.

I filed on my own for

I filed on my own for emergency bankruptcy 2 days before the lender asked for an appraisal. Now they want to do a BOP. Can they do that? What are my rights?