I am 2 years into a chapter 13 bankruptcy. I am about to lose my job because my employer is closing. What will it take to turn this into a chapter 7 bankruptcy?
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Read More Answered By: Dorothy Bunce |
You will want to see numbers on your budget showing that you have less than $100 available to use towards paying debts after you pay your living expenses. See Schedules I & J.
You will also want to be able to pass the Chapter 7 Means Test.
If you already have an attorney, you should be discussing this issue with your attorney. There really is a substantial amount involved in qualifying to convert.
Hope this perspective helps! |
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