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A Chapter 7 bankruptcy case is scheduled for discharge 60 days after the completion of the 341 meeting. Generally, bankruptcy courts have a large number of cases, and you may not receive the actual discharge for a few days or a few weeks.
Chapter 11 plan. Chapter 11 usually results in reorganization of the debtor's business or personal assets and debts, but can also be used as a mechanism for liquidation. Debtors may emerge from a chapter 11 bankruptcy within a few months or within several years, depending on the size and complexity of the bankruptcy.