Bankruptcy Attorney serving Sacramento, CA
If the case originated as a voluntarily petition, the debtor always has a right to file a motion to dismiss the bankruptcy case. However, the motion may be opposed by creditors who feel they are more likely to be repaid should the case continue. A hearing on a motion to dismiss must be noticed to all creditors and parties. You should be aware that, even if dismissed, the bankruptcy filing will show on your credit report, though any debts listed on the petition will not show as discharged which will help your credit rating. Also, you may face some obstacles should you change your mind and decide to go through with a bankruptcy in the next several years. You should consult an attorney to determine the best course of action.
Answered on Nov 03rd, 2011 at 2:15 PM