Converting a 7 to a 13

[inhocknow]

Hello folks, I have been reading a lot of different scenarios and situations from you great folks.

Here is a something I was thinking about.
I am filing for a bankruptcy chapter 7 for say $150,000.
If they reject my chapter 7, can they force me into a 13?
How would that work?
How much would I ultimately have to pay back at the most?
How many years?
Thanks for all of your great help.

[lrprn]

I am filing for a bankruptcy chapter 7 for say $150,000. If they reject my chapter 7, can they force me into a 13? How would that work?

The only way you can be forced into a Ch 13 is if the Means Test and Schedules show more than $160/month disposable income. The amount you owe has nothing to do with it.

If that does happen, then you'll pay back a specific dollar amount every month for 36 to 60 months (36 months if you are under the median, 57 to 60 months if you are over it depending on your local trustee's customs).

How much you have to pay back your creditors depends on how many of your creditors file claims in time to be included in your plan and how much you owe each of them.