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A bankruptcy dismissal means that your case has stopped for some reason. The bankruptcy case can be stopped by the filer, often called a voluntary dismissal, Bankruptcy dismissal is a bad outcome. The goal of bankruptcy is discharge, not dismissal. In this video I discuss the
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In short, a bankruptcy discharge means your debts are wiped out, while a bankruptcy dismissal means your case is thrown out, and you still owe Chapter 13 functions as a payment plan designed to restructure your debts. In many cases unsecured debts (and sometimes
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John will discuss Chapter 7 bankruptcy from beginning to end, as well as everything in between to alleviate the main concerns The dismissal of the case is the worst possible outcome for a Chapter 7. The automatic stay evaporates and there is no discharge.
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