MenuSometimes circumstances change and bankruptcy might no longer be a good idea. If you haven't filed yet, you are under no obligation to do so. If you have already filed, which chapter you have filed under becomes critical. Debtors can voluntarily dismiss a chapter 13 bankruptcy at most any time. Since Chapter 13 bankruptcy is based on your future income, whether you commit that income to a bankruptcy plan is voluntary. One will lose the benefits of bankruptcy if taking a voluntary dismissal.
Dismissal
A dismissal is a termination of a bankruptcy case without discharge. The debtor and his or her creditors have the same rights after dismissal as they had before the case was filed. Dismissal occurs for several reasons, including failure to comply with requirements of the bankruptcy code.
