If there has been a dismissal of a bankruptcy case, the debtors and creditors have same rights and remedies as they had prior to the case being commenced.

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This is correct according to the US Bankruptcy Code. If a bankruptcy case is dismissed, it means that it is terminated without a discharge of debt. In such a case, the debtor and creditors regain the same rights and remedies that existed before the case was filed. This includes the ability of creditors to pursue their claims against the debtor outside of bankruptcy court, and the debtor's right to keep property that would have been subject to liquidation in the bankruptcy case.

If There Has Been a Dismissal of a Bankruptcy Case