How does a bankruptcy case end?

There is a lot of focus on starting a bankruptcy case in Louisiana and making sure you qualify to file the type you have chosen to file. There is not so much focus on discussing how a bankruptcy case ends. That is, after all, the best part of the whole process. At the end of your bankruptcy, your debts are gone, and you can begin to rebuild your credit. According to the United States Courts, the ending of a bankruptcy case is a discharge.

The court must discharge your case for it to officially end. This may happen shortly after you file in the case of a Chapter 7 bankruptcy, or it may be years after you file, such as with a Chapter 13 bankruptcy. When the court discharges your case, it means creditors may no longer hold you responsible for your debts. It provides you a protection order that says creditors may not try to come after you for those debts either.

It is important to note that only the debts for which you filed bankruptcy are affected by the discharge. If you have debts that were not part of your case, they are still valid and legally enforceable by creditors. Furthermore, a creditor always has the right to object to a discharge during your bankruptcy. The court may or may not honor the creditor’s wishes.

In most cases, a discharge is the end of the case and your bankruptcy. However, if the court discovers you acted in a fraudulent manner or have a significant change in your assets, it can revoke your discharge. This information is for education and is not legal advice.