What Happens When A Chapter 13 Bankruptcy is Dismissed?

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When a chapter 13 bankruptcy is dismissed, you still owe the debt that was included in the bankruptcy, minus any payments received by the creditors from the chapter 13 trustee. However, the creditors get to go back to your bankruptcy filing date and add back interest and any contractually due fees.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Matt Berkus, Reliant Tax Relief | Attorney Advertising

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