Day #1 Bankruptcy documents are filed with the Bankruptcy court

Day #14 Creditors are advised that a petition has been filed

Day #20-#40 A meeting with the creditors is held at the Court (341 Meeting)

Day #20-30 and After the trustee will sell any non exempt Debts

Day #90 (after the 341 meeting) – Unsecured Creditors must have filed their claims.

Day #60-#90 (after the 341 meeting) – the Debtor is discharged and all debts (with some exceptions) are written off.

More than 99% of all bankrupts are discharged