If we’ve been in Chapter 13 for2 years can we change to Chapter 7?
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If we’ve been in Chapter 13 for2 years can we change to Chapter 7?
My husband has been unemployed for a year, collecting unemployment $304 week which will run out in 3 months, I make $31,000 year. I am currently going through breast cancer surgeries and we’re finding it impossible to keep up with $50 week going to Chapter 13 and keeping up with regular bills and medical bills coming in. We own our home which may have $3000 equity and lot next to us which we also financed because it has out septic system on it which we bought for $12000 and still owe $6000 or more on it.
Asked on May 6, 2011 under Bankruptcy Law, Virginia
Answers:
Mark J. Markus / Mark J. Markus, Law Offices of
Answered 13 years ago | Contributor
You can convert to Chapter 7 at any time if you are otherwise eligible. You need to consult with a bankruptcy attorney in your area to go through the necessary analyses of your finances to see if you would qualify and, if so, what risks there might be to converting to Chapter 7.
Mark J. Markus, Attorney at Law
Handling exclusively bankruptcy law cases in California since 1991.
http://www.bklaw.com/
Mark J. Markus / Mark J. Markus, Law Offices of
Answered 13 years ago | Contributor
You can convert to Chapter 7 at any time if you are otherwise eligible. You need to consult with a bankruptcy attorney in your area to go through the necessary analyses of your finances to see if you would qualify and, if so, what risks there might be to converting to Chapter 7.
Mark J. Markus, Attorney at Law
Handling exclusively bankruptcy law cases in California since 1991.
http://www.bklaw.com/
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