How do I convert my bankruptcy case from a Chapter 7 to a Chapter 13?

If you are interested in converting your bankruptcy case from Chapter 7 to Chapter 13 in Texas, you should contact a Texas bankruptcy attorney to guide you through the process. Generally speaking, you must determine if the benefits of converting outweigh the costs and that the conditions of Chapter 13 are better than those of Chapter 7 for your particular situation. In Chapter 7, the court will take all of your non-exempt property and use it to pay creditors. In contrast, Chapter 13 allows you to keep your property in exchange for a repayment plan. This can be beneficial if you have valuable, non-exempt assets that would otherwise be taken by the court. The process to convert a bankruptcy case from Chapter 7 to Chapter 13 usually begins with filing a motion for conversion. This must be done within a certain period of time after the original Chapter 7 filing. You will also have to submit a proposed Chapter 13 repayment plan as part of the motion. You will need to attend a hearing before the Trustee to answer questions about your financial condition and repayment plan. The Trustee will determine if the repayment plan is feasible and if it is a benefit to the creditors. Finally, the judge must approve the conversion and the plan. If it is approved, all creditors will be bound by the terms of the Chapter 13 plan. It is always a good idea to consult an experienced Texas bankruptcy attorney to ensure you follow the correct steps and to help you understand the legal implications of converting your bankruptcy case from Chapter 7 to Chapter 13.

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How do I convert my bankruptcy case from a Chapter 7 to a Chapter 13?

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