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I suppose it matters what you mean by "bad." If it is dismissed because you won the lottery and you paid everything off, I'd say it's good. But, more than likely, it isn't good because if your financial situation drove you to file Chapter 13 and then the 13 was dismissed, the creditors will probably soon be after you again. Credit-wise, it's bad because your credit score took a 75 to 150 point drop when you filed, and even though the case was dismissed, this credit drop can only be healed by time, not by dismissal. And, if you end up filing another Chapter 13, you'll suffer another 75 to 150 point drop on top of the first one. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person. Visit RossLawOffice.com for more information about bankruptcy.
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∙ 8y ago
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Motion to dismiss has been withdrawn in chapter 13 is this good or bad?
It's good if you can and want to continue with the Chapter 13. There are situations in which it is better to get the 13 dismissed and start over, then it would be bad.
If you voluntarily have a chapter 13 bankruptcy dismissed will your creditors be notified of the dismissal?
Yes. If you voluntarily have a chapter 13 bankruptcy dismissed, your creditors will be notified of the dismissal.
How long does a dismissed chapter 13 bankruptcy stay on your credit file?
A Chapter 13, whether it is dismissed or successfully receives discharge, is on your credit report for 7 years. A chapter 7 is on your credit report for 10 years. i called equifax and a discharged chapter 13 stays on for 7 years and a dismissed chapter 13 stays on for 10 years
If you gave up a car in chapter 13 will you have to pay for it if the chapter 13 is dimissed?
if your chapter 13 gets dismissed can you buy a car
How can you convert from a Chapter 13 to a Chapter 7 without your spouse even though both are on a dismissed with prejudice Chapter 13?
Since its dismissed w/ prejudice - Wait 180 days and file an individual chapter 7. Your spouse does not have to file.
Can a chapter 13 bankruptcy be dismissed if the petitioner dies?
Yes.
In South Carolina when can a chapter 7 bankruptcy be filed after a chapter 13 has been dismissed?
Two years after the date of the chapter 13 dismissal.
Can you file chapter 13 after being dropped?
IF by dropped you mean the case was dismissed, the answer depends on when and why the case was dismissed.
Can a chapter 13 bankruptcy that has been dismissed be discharged?
No, once a bankruptcy is dismissed it has to be refiled after the time limit has expired. The time limit to refile after a chapter 13 dismissal is two years.
Can you refile chapter 13 bankruptcy under the new bankruptcy law after your case was dismissed to avoid foreclosure?
A chapter 13 can be filed if it has been at least two years from the date the first filing was dismissed.
If your Chapter 13 was dismissed and you have paid most of the bills off on your own is there any way to get it discharged instead of dismissed?
No, not without refiling another "13".
Your Wife an you jointly filed chapter 13 bankruptcy if you separate will the case be dismissed?
No
