topic Re: Ch 7 not completed - dismissed in Bankruptcy

Ch 7 not completed - dismissed

Anonymous — Thu, 08 Nov 2018 17:15:50 GMT

Dear MyFico
About 4 years ago I filed a Ch 7 BK but never completed it and it was dismissed but it is still showing on my credit reports. Since I never completed it and got no debt discharged, is there a way to get it off my credit reports?
Help!

Re: Ch 7 not completed - dismissed

pizza1 — Thu, 08 Nov 2018 18:23:42 GMT

Hi and welcome.
Sorry, but a dismissed BK will continue to stay on your reports for 10 years as well. Just because it was "dismissed", doesn't mean anything. The fact you still filed a federal BK remains, and will continue to report at the CRA level per their policy.

Re: Ch 7 not completed - dismissed

Anonymous — Thu, 08 Nov 2018 18:31:38 GMT

OK thanks for the info, even though it wasn’t what I wanted to hear.

Re: Ch 7 not completed - dismissed

pizza1 — Fri, 09 Nov 2018 14:38:29 GMT

@Anonymous wrote:
OK thanks for the info, even though it wasn’t what I wanted to hear.

No problem. Sometimes we all hear things we dont too, me included. I do have a question though....At first, when I read your post I was a little confused by the word "completed". Thats usually reserved for a BK13. So, I would assume you mean your BK7 wasnt "discharged", and was dismissed instead.

Why was it dismissed? Only a handful of folks who file BK7 get theirs dismissed, and its usually because the trustee "found something" they didnt like or found suspicious surrounding the BK itself, and therefor moves to dismiss the case rather than discharging it. The other handful of folks decide at the last minute they dont want to go through with it, and their attorney's ask for a dismissal. Just curious...

on a side note...the BK will remain in the PR section on your reports for 10 yrs from your original file date.

Re: Ch 7 not completed - dismissed

Anonymous — Fri, 09 Nov 2018 16:27:40 GMT

It was dismissed because I never went through with it. Will it still stay on my report for 10 years?

Re: Ch 7 not completed - dismissed

pizza1 — Fri, 09 Nov 2018 16:59:06 GMT

@Anonymous wrote:
It was dismissed because I never went through with it. Will it still stay on my report for 10 years?

Yes. I answered that question at the beginning. You DID file a BK7. Regardless if you went thru with it or not, you still filed in a federal BK court. That fact that you never went thru with it, means it was "dismissed", and will regardless stay on your reports for 10 yrs.