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Bankruptcy

 

General Grounds to Dismiss a Chapter 7 Case

Learn about the general circumstances in which the bankruptcy court will dismiss a chapter 7 case.

Transcript

I. General Effect of Dismissal

The bankruptcy court can dismiss a chapter 7 bankruptcy case in appropriate circumstances. If the bankruptcy court dismisses a case for any reason, then that's the end of the case. At that point, the debtor can forget about receiving a discharge, unless perhaps she files for bankruptcy again somewhere down the line. And the automatic stay no longer applies, which means creditors can exercise their lawful remedies against the debtor as though the bankruptcy had...