Sunday, October 16, 2011

What is a Bankruptcy Dismissal in a Bucks County Bankruptcy?

A debtor’s bankruptcy filing in Bucks County can be dismissed or ended in both a Bucks County Chapter 7 and Chapter 13. A dismissal can be either voluntary or involuntary on the debtor’s part.

The following are examples of involuntary dismissal: failure to complete the mandatory credit counseling within 180 days prior to filing, failing to be completely truthful in filling out the information on the bankruptcy forms, failing to attend the meeting of your creditors which is located in Trevose in Bucks County, failure to pay the necessary fees, and in the case of Chapter 13, failing to make your monthly planned payments.

A voluntary dismissal would occur if you change your mind about filing or you realize you are unable to make your monthly payments in a Chapter 13 filing.

Except in the case of fraud, which is a federal violation, a debtor can request a reinstatement of the bankruptcy which, if granted, will not affect the original filing.

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