"Bankruptcy Dismissal Vs Discharge"
Bankruptcy is a legal proceeding that helps people who can no longer pay their debts get a fresh start. The bankruptcy process can be either voluntary or involuntary, and it can either be dismissed or discharged.
Voluntary bankruptcy is when the debtor files for bankruptcy. Involuntary bankruptcy is when the creditors file for bankruptcy. A dismissal means that the case has been closed and the debtor is no longer bankrupt. A discharge means that the debt has been forgiven and the debtor is no longer liable for it.
There are several differences between a dismissal and a discharge in bankruptcy. A dismissal does not erase the debt, but it does stop the proceedings and allows the debtor to keep their property. A discharge, on the other hand, eliminates the debt entirely and allows the debtor to start fresh with no outstanding obligations.
The Law Offices of Omar Zambrano has helped thousands of the people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706