Filing for bankruptcy is not an easy task, especially if you are unfamiliar with bankruptcy laws and court procedure. Failure to include the correct information, or submit the proper documents may result in a rejection of your bankruptcy filing.
There are several reasons why a court may reject your bankruptcy filing. One reason includes failure to pass the Means Test. The purpose of the Means Test is to ascertain how much disposable income you have. If you have too much income, you may not be eligible for Chapter 7 bankruptcy.
If you are eligible, there are additional requirements you must complete before your case can be discharged (ie. relief from all debts). This includes submitting tax documents, completing a credit counseling class, etc. Once you submit the appropriate paperwork, you will be required to attend a creditors’ meeting. Failure to attend the meeting may result in a dismissal of your case. Also, once you have filed for bankruptcy, a creditor or the trustee could challenge your discharge should you fail to properly disclose all your assets.
Thus, a court could easily reject your bankruptcy filing because of a mistake or omission in your paperwork. It is important to contact an experienced bankruptcy attorney to help you with your filing and to ensure that you are meeting all the requirements.