I Filed A Chapter 7 Bankruptcy And Changed My Mind: What Are My Options?
Many times debtors file for Chapter 7 bankruptcy but either have their cases dismissed or do not wish to continue. If a Chapter 7 bankruptcy petition is filed, you must get the court's permission to have the case dismissed.
The reason for having this rule has to do with court efficiency and debtor awareness. It is very time consuming and expensive to put a petition together, have the clerk's office review it, and enter a case on a court docket.
Courts are wanting to make sure debtors are not being taken advantage of or maniupulated by attorneys and creditors. A bankruptcy judge is going to want to hear why you all of a sudden want to dismiss your case.
Unless your financial situation has changed dramatically and you are able to repay your debts, why would anybody want their case dismissed and dropped back to square one?
Another option available may be to convert your chapter 7 case to a chapter 13. This is often done when a debtor does not meet the "means test" or if they have property in excess of the allowed exemptions and wish to keep it.
If you have questions about chapter 7 or 13, please contact Jacksonville Bankruptcy Attorney.
Greg Gilbert
Keith Maynard
