F. ANNULMENT. PART 1 OF 6.
Annulment is the cancellation of a bankruptcy.
THERE ARE THREE WAYS TO ANNUL A BANKRUPTCY.
-the creditors debts including interest and trustee's fees and expenses are paid in full.
-your creditors accept a composition or arrangement which is an offer of something less than payment in full.
-application to the court in some limited circumstances.
EFFECTS OF ANNULMENT:
-your annulment is recorded on the public record, the National Personal Insolvency Index.(NPIL) database forever.
-assets not needed by your trustee to pay your creditors, expenses and fees will be returned to you.
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