A dismissal occurs when the petitioner does not meet the terms of bankruptcy. Bankruptcy dismissal can be voluntary or involuntary. A bankruptcy Voluntary dismissal occurs when an individual receives the money during their case or made a mistake in filling bankruptcy. If there are funds available in the bankruptcy estate or if a dismissal will result in a delay of payment to creditors, the motion to dismiss will probably be denied. The court will generally weigh the overall benefit to both debtors and his creditors to reach a conclusion. Conditions under which a court will grant a voluntary dismissal to the debtor when all creditors have consented, when the debtor is acting in good faith, when the dismissal would result in a prejudicial delay in payment, when the dismissal would result in reordering of priorities, and there is another proceeding through which payment of claims can be handled.
The sample format of Bankruptcy Voluntary Dismissal template is available online in both MS Word and PDF format. Both MS Word and PDF format allows you to edit and customize according to your requirement.
Bankruptcy Voluntary Dismissal Form
Related Posts to Bankruptcy Forms
Bankruptcy Appearance Form Template
It is a document usually filed by an attorney for a creditor indicating that the attorney is representing the creditor in the bankruptcy case and that the attorney on behalf of his client
Bankruptcy Reaffirmation Form
Bankruptcy reaffirmation agreements are made between bankruptcy debtors and secured creditors.
Bankruptcy Order Forms
This is a legal document that is issued by the bankruptcy court of a country. Bankruptcy order forms contain information needed to comply with the needs of the bankruptcy case and discussions between the debtors attorney the creditors and their attorney.
Bankruptcy Dismissal Form
A dismissal of a bankruptcy case can be sought by the debtor, trustee, creditor, or other party in interest.
Bankruptcy Amendment Form
This form is used when a mistake is made while filling a bankruptcy petition. The debtors generally resort to bankruptcy amendment when they have not included a forgotten debt.
Fillable Bankruptcy Form
A Filliable Bankruptcy Form is filled up by those who want file a case under the bankruptcy law. It is generally produced when a creditor fails to repay the amount which he borrowed from the creditor.
Bank Statement Form
A bank statement form is a financial statement which declares the current account statistics of an individual or an organization.
Free Bankruptcy Form
Official bankruptcy forms must be used to file and take action in bankruptcy cases. Procedural forms may also be necessary during the course of some bankruptcy procedures.
Notice of Bankruptcy Form
A notice of bankruptcy form is a demand for payments of money, at the request of a creditor. In other words, it is a formal notice of demand requiring a debtor to pay debt.
Bankruptcy Release Form
When a bankrupt is discharged from bankruptcy he or she is released from the legal obligation to repay debts that existed on the day that the bankruptcy was filed.
Bankruptcy Reclamation Form
Reclamation refers to the right of the creditor to reclaim property sold to the debtor immediately before the filing of a bankruptcy.