"Bankruptcy Dismissal Vs Discharge"
In the United States, bankruptcy is governed by federal law, which means that the process and rules are uniform across the country. However, there are two different types of bankruptcy: dismissal and discharge.
Dismissal occurs when the court decides that the debtor does not qualify for bankruptcy protection. This can happen if the debtor has not met all of the requirements for filing bankruptcy, or if the court believes that dismissal is in the best interest of creditors.
Discharge, on the other hand, occurs when the debtor successfully completes all of the requirements of their bankruptcy case. Once a discharge is granted, the debtor is no longer legally responsible for repaying their debts.
So, what's the difference between these two types of bankruptcy?
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