Can I convert my Chapter 13 Bankruptcy to Chapter 7 Bankruptcy?

Yes, it is possible to convert a Chapter 13 Bankruptcy to a Chapter 7 Bankruptcy in California. Chapter 13 Bankruptcy is a type of bankruptcy that allows borrowers to restructure their debt and develop a more manageable payment plan to pay off unsecured debts over a period of 3-5 years. Chapter 7 Bankruptcy, on the other hand, is a type of bankruptcy that allows borrowers to discharge certain debts in as little as six months. In order to convert your Chapter 13 Bankruptcy to Chapter 7 Bankruptcy in California, you must first file a motion to convert your bankruptcy case. This motion must be filed with the court where your existing bankruptcy case is taking place. The motion must explain the reasons why you want to convert your bankruptcy and it must be signed by you as well as your attorney if one is representing you. Once your motion is filed, the court will review it and decide whether or not to grant it. The court may consider your financial situation and the amount of debt you have for both Chapter 13 and 7 Bankruptcies. If the court grants your motion to convert, you must then file a petition for Chapter 7 and any other required documents with the court. When the conversion is finalized, the trustee and the court will discharge your debt and the court will issue an order closing your Chapter 13 Bankruptcy. This will terminate your repayment plan and any creditors listed in the original filing will be notified of the change. It is important to keep in mind that even if your Chapter 13 Bankruptcy is converted to Chapter 7 Bankruptcy, you may still be responsible for any remaining balance on your debts.

Can I convert my Chapter 13 Bankruptcy to Chapter 7 Bankruptcy?

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