Can you voluntarily withdraw a bankruptcy after you have filed it? What are the consequences of doing so?

Question

Can you voluntarily withdraw a bankruptcy after you have filed it? What are the consequences of doing so?

Anonymous Mar 31, 2009 1 views 1 answers

1. If you file a bankruptcy can you then withdraw it voluntarily before discharge? Would that then be one kind of dismissal, instead of discharge? 2. If you voluntarily withdraw a bankruptcy before discharge and start handling your debts on your own -- what does it say on your credit report? 3. If you voluntarily withdraw a bankruptcy before dischareg (a dismissal?) what good benefits are there? Or is the very fact you filed still just as detrimental anyway? 4. If you file a BK, and have not yet been discharged, and you come into some money -- can you withdraw the BK and make a payoff deal with your creditors on your own? Or will the bankruptcy court, even before discharge, take all your money and pay your creditors in full, without you getting a chance to bargain them down?

Margery Golant · Accepted Answer · 2026-06-15T10:26:32+00:00

You can definitely withdraw your peition if you wish. yes, you can make a deal to pay your creditors on your own, if they will agree. The order of discharge will preclude you from filiing again for a stated period of time. So long as you have complied with all your obligations up to that point, there should be no other consequences. As the management of your credit report is not a legal issue, it is impossible to say exactly how the issue would be handled by the credit bureaus. As to any debts that are resolved by agreement, the creditors would have to report that.

Can you voluntarily withdraw a bankruptcy after you have filed it? What are the consequences of doing so?

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