What happens next depends on whether you file Chapter 7, which can discharge a personal loan in about three to six months, or Chapter 13, which folds it into a three-to-five-year repayment plan.
Daria Uhlig is a freelance writer and contributor known for her insightful coverage in finance and sports. She specializes in personal finance, banking, real estate, and sports marketing, with a focus on topics such as retirement planning, debt management, and the housing market. Daria's work has been featured in notable publications including Yahoo Sports Canada, The Wall Street Journal, and Nasdaq.












