Bankruptcy Discharge? Dismissal? What?

If there ever was a reason in having a bankruptcy attorney by your side in filing a Chapter 7 or Chapter 13 is knowing the difference between having your bankruptcy dismissed or discharged. They’re not the same. Your bankruptcy attorney will know what you don’t know. Fact: a discharge is the total elimination of debts depending on which avenue of escape you chose. A dismissal is where a debtor abused or did not live up to their original bankruptcy plan. A discharge happens most under a Chapter 7 because debtor assets are liquidated to repay creditors. Under a Chapter 13, assets are not liquidated but repaid via income over time. More info: bankruptcy attorney Jacksonville

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