What is the difference in a dismissed or discharged bankruptcy?
posted by Questions @ 10:27 AM
Bankruptcy-Dismissed/Discharged
3 Comments:
Discharge means that your bankruptcy is completed, and your unsecured debts are discharged, meaning eliminated.
Dismissed means that the bankruptcy never happened in the first place. For example, if you tried to go bankrupt but were not insolvent (because you had sufficient assets or cash flow to repay the creditors on your own), your bankruptcy petition would be dismissed by the the court.
By
Bankruptcy Expert,
at 10:20 AM
How do I get a dismissed bankruptcy off of my credit record. It was not discharged it was dismissed and I recently went to purchase a car and they said I had to get that removed
By
Tom,
at 8:24 PM
How do I get a dismissed bankruptcy off of my credit record?
By
guest,
at 7:36 PM
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