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What does the voluntary dismissal of a chapter 13 bankruptcy mean for the debtor and creditors and the debtor's credit report?

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When any bankruptcy action is dismissed for any reason the debtor(s) lose(s) bankruptcy protection.

This means creditors may pursue collection of the debt, including, in most situations filing a lawsuit.

A chapter 13 bankruptcy dismissal will remain on the debtor's credit report for 7 years.

First answer by Macky. Last edit by Macky. Contributor trust: 5187 [recommend contributor recommended]. Question popularity: 8 [recommend question].

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