"Case dismissed" means the same as any other time you hear it. Dismissed means that the case has no merit or means to go forward and that charges (in this case, the charge of bankruptcy) can not be proven or declared. The bankruptcy was not granted.
Generally speaking, "dismissed" means the case was thrown out for some reason, and the debts were never wiped out (so the creditors can still pursue the debtor for payment). This should not be confused with "discharged," which means the case was successfully completed and the debts which were duly listed and are of the sort which are dischargeable were successfully wiped out. This could mean: * That the entire BK filing has been dismissed. * That a portion of the case was dismissed (such as a federal student loan). Sometimes a bankruptcy is dismissed because the court feels the filer has the ability to pay, has committed some type of fradulent conveyance, or has simply "filed wrong". Also something as simple as a wrong SS number will cause a dismissal.
That means that the Chapter 13 plan was never completed. The court dismissed it and it was not refiled. It allows the creditors to come back and collect the debt. The completion of the Chapter 13 would be shown as a discharge.
Dismissed without prejudice means the creditor cannot further pursue the debt.
Having a bankruptcy dismissed does restart the statute of limitation on a bankruptcy. You will have to wait eight years to file another bankruptcy.
If bankruptcy has been dismissed it is possible to file again. The trustee will require an explanation of why the first case was dismissed before accepting a new bankruptcy case.
It is dismissed when the terms of the bankruptcy have not been met. Creditors are no longer barred from seeking repayment. A complete one is called confirmed, in a dismissal everything returns to the way it was before filing.
If you have come through a bankruptcy you have been through quite a bit. It is important to know that if your bankruptcy was dismissed, it may still be reinstated at a later date.
Yes, dismissed means essentially the case was dropped - ended early - and BK protection is ended. Not that it was resolved...which is done by discharge of the case.
Yes. If you voluntarily have a chapter 13 bankruptcy dismissed, your creditors will be notified of the dismissal.
NO....DUHHHHHHHHHHHH
Gee, I sure hope not!
That decision is made by the lender not the bankruptcy court.
Yes. I tried to remove a dismissed bankruptcy from my credit report. All agencys were contacted and so was the FTC. They said they had a legal right to keep the Bankruptcy dismissal information on the bureaus files.
Only holders of undischarged debt can come after assets or income after a discharged bankruptcy. Some debts may not be dischargeable in a bankruptcy, such as tax debt. The meaning of dismissed is different from discharged, however. A dismissed bankruptcy would be one that did not conclude. In that case, creditors may attempt any legal means to recover what is owed.