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

Converting a Chapter 7 bankruptcy case to a Chapter 13 bankruptcy case in West Virginia is possible but requires several steps. First, you must file a motion with the court requesting conversion to a Chapter 13 bankruptcy. You must also include a statement of your monthly income and expenses, a copy of your most recent federal tax return, and a certification of the payment plan you plan to implement. Once your motion is filed, the court will hold a hearing and make a decision on your motion. The court will consider your income, expenses, and assets to determine whether or not conversion to a Chapter 13 is appropriate. If the court approves your request, you will be required to complete a repayment plan outlining how you will pay back your debts. In West Virginia, the repayment plan must be approved by the bankruptcy court. This plan must include information about how much of your debt you will pay and how often. You must also include a detailed budget in your repayment plan. Once the repayment plan is approved by the court, you will be required to make regular payments in accordance with the terms of the plan. It is important to keep in mind that converting to a Chapter 13 bankruptcy in West Virginia may be beneficial for some debtors, but it can also be a difficult process. To ensure that you are making the right decision, it is best to contact an experienced bankruptcy attorney to discuss your situation.

Related FAQs

What is the difference between discharging and writing off a debt?
What are some of the potential pitfalls to filing for bankruptcy?
What are some of the long-term effects of filing for bankruptcy?
What are the advantages and disadvantages of filing for bankruptcy?
What are the restrictions for filing for bankruptcy?
What is the bankruptcy automatic stay?
Will bankruptcy discharge the entire amount of debt owed?
How does the bankruptcy court decide which creditors will get paid?
Can I still obtain a loan after filing for bankruptcy?
Can I file for bankruptcy if I'm unemployed?

Related Blog Posts

What is Bankruptcy Law? - July 31, 2023
What Are the Most Popular Types of Bankruptcy? - August 7, 2023
How to Choose the Right Bankruptcy Attorney for Your Case - August 14, 2023
Understand the Consequences of Not Filing for Bankruptcy - August 21, 2023
How to Avoid Bankruptcy With Financial Self-Management - August 28, 2023