"Bankruptcy Dismissal Vs Discharge"
When a debtor files for bankruptcy, the case may be dismissed or discharged. A dismissal means that the debtor is no longer bankrupt and the case is closed. A discharge, on the other hand, means that the debtor is still bankrupt but all of their debts are forgiven.
There are a few reasons why a bankruptcy case may be dismissed. One reason is if the debtor does not meet the requirements for filing. Another reason is if the debtor does not attend the required court hearings or comply with the court's orders. Finally, a case may be dismissed if it is in the best interest of the creditors.
A discharge is more common than a dismissal and usually happens when the debtor has completed all of their required payments. Once a discharge is granted, all of the debtor's debts are considered to be paid in full and they are no longer liable for them.
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