Vision Industries Corp. (fka VIICQ)

[powerbattles]

Emerging from bankruptcy means to successfully come through bankruptcy after a reorganization or elimination of debts. Although in common usage the term "emergence" generally applies more to corporate bankruptcies, it also describes the end of the personal bankruptcy process. For all types of bankruptcy, "emergence" occurs only after the court grants written approval in the form of a discharge.

Dismissal of your bankruptcy case means that you did not receive a bankruptcy discharge. In the case of dismissal, you cannot be considered to have "emerged" from bankruptcy because the effect is almost as if you had never filed for bankruptcy in the first place. You are still legally liable for all of your debts, and your creditors can continue to pursue you for collection. A dismissal can result if you fail to file appropriate paperwork or do not follow court procedures.
http://budgeting.thenest.com/definition-emerging-bankruptcy-22778.html