Converting from 13 to 7

[Bhmm]

How easy it is to convert from 13 to 7 under the new law? I may have to file 13 since not eligible to 7 now, then in a year or so request a conversion to 7. But I do not know how easy it will be for me to do this conversion. The other option is to wait for another 13 months and file straight 7: but this will be hard with all these payments and creditors calling.

[lrprn]

So...politely inquiring how many times are you going to ask this same question, Bhmm? (See the 'Chap7 in 10-99 but needs to file' thread posted by Bhmm four days ago on July 4 where answers to this question were already posted).

We really do want to help - however, next time if an answer isn't clear, better to say that in your original thread where all the pertinent information is at hand (like you already filed Ch 7 in 1999 and that's why you can't file Ch 7 now). Also there's no need to post the same question in two different forums - the knowledgeable bk gurus here read all the forums, not just one.

Please let us know what you didn't understand in the original answers posted to your question and we'll try to clarify if we can.

[Bhmm]

lrpn,

Sorry, I offended you. I did not know both forums are read by the GURUS.
Also the question was a little different from the first thread and I thought I needed to start a new one.
My question is How easy doing a conversion is? That was not adressed in the first thread. I'm looking at the conditions to be actually able to do this and the type of things I should know about now on about how difficult this may be later on. I know it's been said you can always convert but that does not adress the conditions or how easy it is.
Thanks for your understanding.
Sorry again for the offense.

[lrprn]

lrpn,

Sorry, I offended you. I did not know both forums are read by the GURUS.
Also the question was a little different from the first thread and I thought I needed to start a new one.
My question is How easy doing a conversion is? That was not adressed in the first thread. I'm looking at the conditions to be actually able to do this and the type of things I should know about now on about how difficult this may be later on. I know it's been said you can always convert but that does not adress the conditions or how easy it is.
Thanks for your understanding.
Sorry again for the offense.

http://www.law.cornell.edu/uscode/ht...9----000-.html provides some specifics on how it's done.

Another good resource is the US DOJ's "Issues in Chapter 7 Asset Cases Converted from Chapters 11, 12, or 13" at http://www.usdoj.gov/ust/eo/public_a...talk072000.htm .

Hope these help - keep us posted how things go for you. Good luck!

[FoolAndHisMoney]

How easy it is to convert from 13 to 7 under the new law? I may have to file 13 since not eligible to 7 now, then in a year or so request a conversion to 7. But I do not know how easy it will be for me to do this conversion. The other option is to wait for another 13 months and file straight 7: but this will be hard with all these payments and creditors calling.

The law is still too new to be able to answer that. I do know that you have to pass the means test no matter what and you do if you're below the median.

[Bhmm]

thanks a lot! i appreciate.

BH

[himey64]

converting isn't difficult. I believe you have to show hardship. If you own your own home, I may be able to help. Or if you have been in a Ch13 for atleast 12 months, you can buy out of it at 30% of the total amount owed. check out w...bankruptcy-library.com