Okay, that's really a trick question, because many bankruptcies don't take long at all, at least compared to other legal proceedings. But there are some problems that can cause delays, and it may be helpful to know what is "normal," to the extent that there...
The Federal Housing Administration, in a major policy change, has announced easier rules for people looking to get a mortgage after bankruptcy.
The Federal Housing Administration will allow a bankruptcy debtor to get a mortgage backed by FHA in as little as one year after bankruptcy - if certain minimal criteria are met.
The one year timeframe also applies to short sales and even foreclosures.
This is yet another acknowledgment that the â€œstigmaâ€ of bankruptcy has been replaced by the â€œnecessityâ€ of bankruptcy.