how long do corporate bankruptcies usually take 
every bankruptcy situation is unique and therefore will vary in the length of time it takes from filing to closing in general if all parties are prepared a bankruptcy proceeding lasts between four to six months can a company survive chapter 11 yes a company can survive a chapter 11 bankruptcy and many companies have not only have they survived but many have gone on to become stronger companies the purpose of a chapter 11 bankruptcy is for a company to reorganize itself so it is on a better financial footing the goal is not to close down and liquidate assets can you file chapter 7 twice yes you can file a chapter 7 bankruptcy twice if you filed for chapter 7 bankruptcy for the first time and received a discharge you have to wait eight years before filing a second time it is important to receive a discharge from your first bankruptcy otherwise you may be held liable for all debts in your second bankruptcy 