Bankruptcy Dismissed Vs Discharged - The Difference Between Bankruptcy Dissolved Vs Discharged

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In Florida bankruptcy court, bankruptcy is either discharged or dismissed. When the bankruptcy case is dismissed by the court, that means that the case has been lost and the assets of the debtor have been fully paid. The case must have been filed in county court for there to be a trial. Most counties in Florida have "joint pleas" when a bankruptcy case is filed. The process involves an agreement between the parties to resolve a dispute. This process allows the debtor to resolve the debt without the added expense of a trial.

If the bankruptcy court dismiss your bankruptcy, it does not mean that you have lost the case. There are other ways to resolve your debts other than filing a bankruptcy. If the bankruptcy court dismisses your bankruptcy, it is simply saying that the plaintiff (you) is not likely to succeed in recovering the debt.

If you do not file bankruptcy, the court can still hold you accountable for your debts if you fail to make required payments after a certain amount of time. These payments will usually include a repayment plan that is designed to help you get back on track. You will be expected to make monthly payments towards this plan. However, filing bankruptcy does not eliminate the debts you owe.

If you win your lawsuit, you may be able to remove the name of the bankruptcy court on your credit report. You will have to notify the bankruptcy court that you want to remove their name from your credit report. In some cases, the court may approve your request. This can be done through a simple order to the court. If this happens, you will need to provide proof that you requested the discharge.

If you win your lawsuit and file for bankruptcy, you will be required to pay all debts owed to creditors. The bankruptcy administrator will liquidate any financial holdings of yours. It is important to remember that you will not be allowed to collect any debts that were discharged by the court.

After the bankruptcy trustee sells your assets, you will be left with whatever remains. These can include anything that is the entirety of your debts including credit card debt. Selling these assets will enable you to pay off your remaining debt obligations. As long as you keep up with your payments, you will be able to restore your credit history to good standing once again.

Before filing for bankruptcy, you must consult an experienced lawyer for a true and professional advice. Galewski Law Group is one of the top law firms in Florida, who have a team of experienced lawyers. For free consultation, call us at (813) 222-8210.

Source URL: https://www.bloglovin.com/@galewski/bankruptcy-dismissed-vs-discharged-difference-8326127

Location: Tampa, FL, USA

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