QUESTION
Can I convert from chapter 13 to chapter 7 bankruptcy?
Asked on Feb 20th, 2013 on Bankruptcy - Florida
More details to this question:
Three and a half years ago, I filed chapter 13 and was making more money than I am now. I'm struggling to live and had a friend that told me that he converted from chapter 13 to chapter 7. Can I convert from chapter 13 to chapter 7 bankruptcy?
12 ANSWERS
You absolutely can. If that won't work for you (for whatever reason), another thing you can do is file amended schedules (showing the decreased ability to pay) and see if you can amend your plan. Good luck to you.
Answered on Feb 26th, 2013 at 1:17 PM
Yes, you can convert to a chapter 7 so long as you follow the guidelines. We do it frequently for clients.
Answered on Feb 26th, 2013 at 1:17 PM
Bankruptcy Law Attorney serving Austin, TX
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Law Office of Susan G. Taylor
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Yes, you can convert the chapter 13 if you have become eligible for a chapter 7.
Answered on Feb 26th, 2013 at 1:16 PM
Based on the information provided, you can convert the chapter 13 bankruptcy to a chapter 7 as long as you qualify for a chapter 7.
Answered on Feb 26th, 2013 at 2:32 AM
Bankruptcy Attorney serving Phoenix, AZ
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Law Office of D. L. Drain, P.A.
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Yes, but please understand that this move can be very complicated. It is wise to talk to an experienced bankruptcy attorney before deciding to take this important step.
Answered on Feb 25th, 2013 at 8:23 PM
Bankruptcy Attorney serving Livonia, MI
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Charles J. Schneider, P.C.
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It depends on whether you qualify and whether it meets your goals.
Answered on Feb 25th, 2013 at 7:31 PM
You can convert if you can qualify to do so. There are many factors that will need to be considered to see if you will qualify for Chapter 7 and you wouldnt want to jump from the frying pan into the fire. You will also want to understand that whatever goals you had in your Chapter 13 (such as lienstripping, catching up on a mortgage loan, paying off your car, paying off the IRS) may end if you convert. Best regards,
Answered on Feb 25th, 2013 at 12:58 PM
Chapter 7 Bankruptcy Attorney serving Milwaukee, WI
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Law Offices of Deborah A. Stencel
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You can convert to a Chapter 7 if you otherwise qualify for a Chapter 7 (no prior and discharged Chapter 7 in the 8 years before your 13 was filed; no discharged Chapter 13 in the 4 years before your 13 was filed, no excess income currently, etc.) If you do not qualify for a conversion, you may be able to reconfigure your Chapter 13 to make the payment more affordable. Depending on your situation, you may find finishing a 13 is in your best interest. You should see an attorney to discuss your options.
Answered on Feb 25th, 2013 at 12:57 PM
Deborah F. Bowinski
You should contact your chapter 13 lawyer to discuss your changes circumstances. You can possibly convert, but whether that is a good idea is another matter. It depends upon what you are trying to accomplish in your plan. You also may be able to modify your plan to reduce the payment to a more manageable amount.
Answered on Feb 25th, 2013 at 12:56 PM
Bankruptcy Law Attorney serving Livingston, NJ
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Law Office of Stuart M. Nachbar, P.C.
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You can convert from a Chapter 13 to a Chapter 7. Perhaps, a showing of hardship and changed circumstances would be better, and a lower trustee payment, especially as you are over halfway done. You should speak to your Bankruptcy Attorney.
Answered on Feb 25th, 2013 at 12:56 PM
Bankruptcy Attorney serving Plantation, FL
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Moffa & Breuer, PLLC
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Possibly, check with your attorney because there can be limitations and risks.
Answered on Feb 25th, 2013 at 12:55 PM
Chapter 13 Bankruptcy Attorney serving Winston-Salem, NC
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Love and Dillenbeck Law
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It is possible. But without knowing your case facts, it is impossible to say if it is wise for you to do so in your unique situation. I recommend you consult with a bankruptcy attorney if you dont have one or if you do, speak to your attorney.
Answered on Feb 25th, 2013 at 12:55 PM