I am using jBCrypt for hashing the password and storing it in database. As it is one way algorithm we cannot get the password (original plain password string). 

When the user forgets the password I guess we cannot provide the password instead we can only ask the user to set the new password. Is my opinion Correct? 

Is there any way to retrieve the plain text password back when hashed with jBCrypt (from the hashed one? :-) .. I don't think so ... )