Sign in to follow this  
oneobserver

Dismiss BK AFTER Discharge

Recommended Posts

Can you file a voluntary dismissal if you work out payment to creditors in a chapter 7 BK ?

If so, is there any effect on credit if you sort of take it back and pay everyone?

Can it be entirely vacated in court records so it doesn't show up?

Share this post


Link to post
Share on other sites

In a word, No. The CRA recording of a BK is based on when you filed, not when you received the discharge. Hence, it stays on. You would have been better off getting through the case, and then working out a settlement with your creditors if you wish than going this route. You even would have been better off with a ch13 rather than a ch7.

Share this post


Link to post
Share on other sites

Can you file a voluntary dismissal if you work out payment to creditors in a chapter 7 BK? No

If so, is there any effect on credit if you sort of take it back and pay everyone?

If you work out a pay for deletion it would probably help your credit scores.

Can it be entirely vacated in court records so it doesn't show up?

No, your best bet is to dispute the bankruptcy every 60 days with the major credit bureaus if you are very.very.very lucky it may get dropped, chances are you will likely need to wait 10 years before it falls off your reports

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.
Sign in to follow this