I want to know if it is possible to reverse my bankruptcy entirely?
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I want to know if it is possible to reverse my bankruptcy entirely?
If so, will still appear on my credit report? It’s a long story but I got bad advice and do not wish to live with this bankruptcy any longer.
Asked on November 26, 2013 under Bankruptcy Law, New York
Answers:
Terence Fenelon / Law Offices of Terence Fenelon
Answered 10 years ago | Contributor
You do not state what type of bankruptcy is pending. A chapter 7 may only be dismissed upon notice and motion to all creditors. The Court must find that a dismissal is in the best interests of all parties. Additionally, you will often be required to waive discharge which will act as a future bar from filing against any of the listed creditors.
A chapter 13 is much easier to dismiss. Quit making your plan payments and the trustee will move to dismiss. Problem solved.
Finally, the bqankruptcy filing will remain on your credit but you will not ger the benefit of a discharge (forgiveness) of your debts.
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