How long am I going to be in bankruptcy and when am I going to know that I'm just not
in bankruptcy anymore?
My name is Ron Drescher.
I'm an attorney practicing bankruptcy and creditors rights, Maryland, Delaware, Pennsylvania
and Virginia and technically you are no longer in bankruptcy once your case is closed.
Now sometimes you can get a discharge which means that the court has entered an order
saying you've done everything you were supposed to do.
Nobody has objected to your bankruptcy discharge or if they have their objection was not meritorious
so you get a discharge and that means that creditors can never come after you and sue
you and get a judgment against you in order to collect on that debt but your case could
still remain open.
If, for example, the trustee has found assets that he or she wants to administer for the
benefit of creditors that case could remain open for a very long time.
The vast majority of cases though are what we call no asset cases where the trustee doesn't
find an asset and he just says I'm not interested and I'm closing the books on this case.
In that situation, which is the most common situation, your case will be closed at the
same time or almost immediately after you get your discharge because there's really
no reason for you to have the case stay open if you've gotten your discharge and there's
no other creditor-related activity going on.
So it's a good feeling when you get your discharge the case is closed.
It means you can really get on with your life and put all this behind you and move forward
to enjoy your fresh start.
My name is Ron Drescher.
I'm an attorney practicing bankruptcy and creditors rights and if you've got a question
about how long your bankruptcy case is going to take and whether you can get in or out
and what it's going to mean to be done with bankruptcy please pick up the phone and call
me.
I would love to hear from you.


Không có nhận xét nào:
Đăng nhận xét