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A Brief History of Bankruptcy

What Is:
     Bankruptcy?
     a Discharge?
     a Dismissal?
     the Automatic Stay?

Who Are Creditors?

What Are the Benefits of Bankruptcy?

Will Bankruptcy Hurt or Help My Credit Rating?

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What Is a Dismissal?

Dismissal is an order ending the bankruptcy case before successful completion and discharge.  This order allows creditors to restart legal action for collecting the debt involved in the bankruptcy.  A case may be dismissed voluntarily by a debtor or by the court.  It may also be dismissed on motion of the trustee or a creditor, for good reasons, such as failure to timely pay Chapter 13 plan payments, attend the 341 meeting, or file complete information with the court.