How do I convert my bankruptcy case from a Chapter 7 to a Chapter 13?
If you’ve filed for bankruptcy protection in Indiana under Chapter 7 and you wish to convert your case to a case under Chapter 13, you must follow several steps. First, you must file a motion with the court asking to convert the case. The motion must include a statement of current monthly income and the calculation of your disposable income, which is the amount of income that you have left after you pay your regular monthly expenses. Next, you must file a proposed plan for a Chapter 13 bankruptcy. Your plan must include information about how you plan to pay your creditors, including how many months you think it will take you to pay them, and the amount of the payments. After you file your motion and proposed plan, you must attend a hearing before the court. At this hearing, the court will consider whether conversion of your case is in the best interests of you and your creditors. The court may also approve a new plan for Chapter 13 payments. Once the court has approved your motion to convert and the proposed plan, you must file additional documents to complete the conversion. These documents include a statement of financial affairs, an amended creditor matrix, and a new plan for Chapter 13 payments. When all necessary documents have been filed with the court and the court has approved them, your bankruptcy case will be changed from a Chapter 7 to a Chapter 13. Your creditors will be notified of the conversion and all applicable deadlines for filing claims and objections will change accordingly.
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