Discharged? Closed? whats the difference?

drummer1

Member

Bankruptcy Newbie

Joined: Oct 2007

Posts: 46
#1

Discharged? Closed? whats the difference?

11-15-2007, 03:32 AM

Ok, Let me first say how happy I am for everyone who is "Closed" Congrats!!

My question is even if your not closed but you are discharged, its over anyway right? Once its "discharged" no further action can be taken anyway right? I mean the 60 day period will have passed etc....So please explain the difference in the two and why these cases just do not Close after discharge??? Thanks!

Filed Ch.7 september 21st 2007
341 Meeting October 22nd 2007
Local trustee declared no asset Oct23rd 2007, Discharged Dec 24th
Case Closed 1/4/2008
Tags: None
BassBoy

Senior Member

Bankruptcy Mentor

Joined: Oct 2005

Posts: 2020

State: Ohio
#2

11-15-2007, 05:09 AM

HHM explains the difference here: http://www.bkforum.com/showthread.php?t=10879

Bankruptcy History:
Chapter 7 filed - 10/12/2005 - Asset
Discharged - 02/16/2006
Case Closed - 11/08/2007

A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain ~ Mark Twain

All suggestions are based on personal experience and research and SHOULD NOT be construed as legal advice as I am NOT an attorney. Always consult with competent counsel in your area with regards to your particular situation.
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