Is it possible to file Chapter 13 then switch it to Chapter 7?
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Is it possible to file Chapter 13 then switch it to Chapter 7?
Asked on October 28, 2014 under Bankruptcy Law, Texas
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 10 years ago | Contributor
Yes, it is possible to convert a Chapter 13 bankruptcy to a Chapter 7.
This is a common occurrence due to a debtor not being able to afford the payments required by the Chapter 13 plan (budget). Of course, you will need to satisfy the eligibility requirements for a Chapter 7 such as income.
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