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Riss39

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Dismissed BK showing as "filed" instead of "dismissed" which is better?

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"Dismissed" = bad, bad, bad... It usually indicates that a Chapter 13 bankruptcy repayment plan failed (you didn't pay the trustee on time, every time like you promised to), and that all those original creditors can now come after you again for all the debts you thought were taken care of in the bankruptcy. Doesn't matter what the credit reports show. "Filed" just means that a bankruptcy is in process but has not yet been granted - if it hangs out for too long, creditors can still come after you until/unless you personally give them the case number, at which time they check with the court on the case's status anyway (where they find out and/or are already notified that the case was dismissed, and you're still on-the-hook for the debts, and the creditors will duly report that in your credit report each month until whatever Statue of Limitations your state has runs out.)

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