When your Chapter 13 bankruptcy gets into trouble, the stay can be lifted on your house and if you get behind on your payments the trustee Kim threatened to dismiss your case. One option for you is to dismiss your case, which you have a right to do it any time in the Chapter 13. But this will leave you with lots of very late credit card and all other unsecured debt. Also you will have to worry about your house being foreclosed on in your car being re-repossessed for less than what you owe. In all these cases the best option is to convert your case to a Chapter 7 bankruptcy. The conversion is easy and all you need to do is have your bankruptcy attorney file a notice of conversion with the court.
Bankruptcy Attorney Can Convert a Chapter 13 to Chapter 7
March 10th, 2010 | Business
