Can I convert my Chapter 11 bankruptcy to a Chapter 7 bankruptcy?

Yes, you can convert your Chapter 11 bankruptcy to a Chapter 7 bankruptcy in Texas. A Chapter 11 bankruptcy is known as a reorganization bankruptcy, where the debtor is allowed to keep their assets and make payments to creditors over time. However, if a debtor does not have the means to make the payments over time, they may decide to convert their bankruptcy case to a Chapter 7 bankruptcy instead. In Texas, converting a Chapter 11 bankruptcy to a Chapter 7 bankruptcy is done by filing a motion to convert. This motion must include the reasons for the conversion, and it must be filed with the court. The court will then consider the motion to convert, and if approved, the court will enter an order that converts the Chapter 11 case to a Chapter 7 case. When a Chapter 11 case is converted to a Chapter 7 case, the debtor’s assets become the property of the bankruptcy estate, and the trustee appointed by the court will use the proceeds from the sale of assets to pay creditors. Any debts that are not discharged in the Chapter 7 bankruptcy will still be the responsibility of the debtor, and they will be required to make payments on those debts as agreed upon. In conclusion, it is possible to convert a Chapter 11 bankruptcy to a Chapter 7 bankruptcy in Texas. The debtor must file a motion to convert with the court, and if approved, the court will enter an order to convert the case to a Chapter 7 bankruptcy.

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