Legal Question in Bankruptcy in Illinois
If after filing a Chapter 13 a person comes into money from a settlement can that money be used to pay back mortgage payments and then file for Chapter 7?
Asked on 6/10/11, 3:07 pm
1 Answer from Attorneys
Sanford M. Martin
Sanford M. Martin, P.A.
A Chapter 13 case may be converted to a Chapter 7 case. Such conversions are not unusual. Reasons for converting may differ for various situations. A person is advised to seek counsel from a bankruptcy attorney regarding legal options best suited for his/her set of circumstances.
Answered on 6/10/11, 4:07 pm
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