Question by Hawaiian Eye: chapter 13 bankruptcy,”Dismissed”?
if you filed chapter 13 in 1982 and it was “Dismissed” in 1988 what does it mean in layman language,my friend looked for info on the internet,but I can’t really explain it to her,because I’m not to sure myself, shes financed 3 cars(one in progress over the years) and has credit cards for many years again and she has good credit score she says,but she was clearing out her paperwork and found a letter that it was dismissed,is it finished ? if it’s not considered discharged ,is the case closed? so now what is the status of her case?

Best answer:

Answer by zilla
The statute of limitations on collection on the debts would appear to be expired in most cases many years ago. Anything likely not entered into a a judgment by various creditors theoretically owed and or not maintained or paid or settled out would probably be eliminated by time itself in this case. It is of course possible there would be loose ends that need cleaned upand some lenders will not lend to someone who has filed bankruptcy period, at least not certain loan programs. I would anticipate that unless there was a thorough effort to make sure all the debt was paid it may somehow still exist but would likely be hard to find all of it by now as far as actual people owed it has been so long.

The discharged just means it was not completed according to the plan and the bankruptcy officially was not completed per guidelines basically. It is not too uncommon to hear of really.

She should have paperwork on all of it somehow and the attorney or trustee is matter of public record so she can get the papers you know.

Hope this helps.

Zilla Out.

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