If you've filed for Chapter 13 bankruptcy but your financial situation has recently changed, you may be concerned about making payments as scheduled in your repayment plan. Luckily, you may be able to convert your Chapter 13 bankruptcy case to a Chapter 7 case.
To consult with a lawyer about the specifics of your case, please fill out this form and arrange a free, no-obligation case evaluation.
In order to be eligible for a Chapter 13 to Chapter 7 bankruptcy conversion, it's essential that your case has not yet undergone any other conversions. If it hasn't, you'll likely have to take these steps to begin the conversion process.
While some financial circumstances may necessitate the conversion of your Chapter 13 case to a Chapter 7 case, it's important to understand some of the potential consequences of switching to Chapter 7 bankruptcy. Converting from a Chapter 13 to a Chapter 7 case might mean:
Naturally, the specifics of any bankruptcy conversion depend on the individual filer. If you'd like to learn more about converting your Chapter 13 case to a Chapter 7 or filing bankruptcy under either chapter, take advantage of this opportunity to consult with a bankruptcy lawyer near you.
Laws may have changed since our last update. This is for informational purposes and is not legal advice. Speak to a local attorney for legal advice about your particular situation.