Sunday, December 12, 2010

Common reasons for the rejection of bankruptcy

A filing of for bankruptcy can be dismissed at any time for various reasons. The debtor can request dismissal if debt was supported, but most bankruptcy due to non-performance by the debtor be dismissed. Layoffs occur frequently in chapter 13 bankruptcy, Chapter 7 includes fully discharged all the debts. However, the Court thus dismissed a petition for Chapter 7 may in certain circumstances. Bankruptcy DismissalBoth Chapter 7 and chapter 13 volunteers are rejected at the request of the debtor. The debtor may apply to a dismissal, if you have paid your debts and is no longer necessary, fall within the competence of the court.unreasonable DelayA under Chapter 7 bankruptcy claim or chapter 13 of the undue delay on the part of the debtor can be dismissed if delay is harmful to the creditors.Nonpayment FeesChapter 7 and chapter 13 bankruptcy for non payment of court mandate and fresh, it can by debtor.Failure PaymentsChapter 13 away the reference to the Court requires membership in a regime of payment terms. If required payments to make, where the Court your claim.Failure in can reject a file PlanSince chapter 13 requires the submission of the Court of Justice, fail payment to do, so in a timely manner, a payment plan, your bankruptcy can lead a dismissal.ConsequencesIf rejected will be able to re-file, however, during that time, your creditors can take individually as if ever you had filed bankruptcy.

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