5 Common Reasons Bankruptcy Cases Are Dismissed

  1. Personal Bankruptcy
  2. 5 Common Reasons Bankruptcy Cases Are Dismissed
tennessee and georgia bankruptcy, reasons your bankruptcy may be dismissed

tennessee and georgia bankruptcy, reasons your bankruptcy may be dismissedIf you are worried about your bankruptcy case being dismissed, it may help put your mind at ease to hear that there are very few reasons for a bankruptcy case to be dismissed. If you work with an experienced bankruptcy attorney, your bankruptcy will be filed in accordance with the rules and laws, and you should proceed through without any problems to a discharge of debt.

Reasons a Bankruptcy Case May Be Dismissed:

  1. Bankruptcy Fraud – If you commit bankruptcy fraud, you shouldn’t be surprised to see your case dismissed. Bankruptcy fraud is any act that is deliberately dishonest regarding your financial situation. Most cases of bankruptcy fraud involve some form of hiding assets or falsifying documents related to the case.
  2. Failing the Means Test (for Chapter 7 bankruptcies) – Bankruptcy petitioners who have too much disposable income will see their case dismissed. But while failing the means test means you are not eligible to file Chapter 7 bankruptcy, you can still ask your bankruptcy attorney about filing for Chapter 13 bankruptcy.
  3. Failing to Complete the Required Credit Counseling Course – The bankruptcy court requires every bankruptcy petitioner to complete credit counseling before bankruptcy. If the court is not provided with proof of the course’s completion, the bankruptcy case will be dismissed.
  4. Failing to Attend the Meeting of Creditors – If a bankruptcy petitioner does not attend the mandatory meeting of creditors, they run the risk of seeing their case dismissed.
  5. Failing to Make Your Repayment Term Payments (for Chapter 13 bankruptcies) – If you don’t keep up with your agreed upon payments for the full 3-5 year plan, the court could dismiss your case; which would leave you liable for the debts again.

Do you have questions about filing bankruptcy, or bankruptcy law? The experienced Tennessee and Georgia bankruptcy attorneys at Kenneth C. Rannick P.C. can help. We help good people through bad times every day, and we can help you, too.

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