Home     Law Advice     Insurance Advice     Community    
Consumer Bankruptcy : Chapter 7, Chapter 13, Protection From Claims of Creditors
Go Back   FreeAdvice Legal Forum > BANKRUPTCY AND CONSUMER CREDIT > Consumer Bankruptcy
Reload this Page Converting Chap 13 to Chap 7

Powered by Attorney Pages


  Find An Attorney In Your Area    
 

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 08-22-2005, 08:05 PM
Junior Member
  
Join Date: Aug 2005
Posts: 2

Converting Chap 13 to Chap 7

What is the name of your state?Ga
I am presently in a Chapter 13. I am wondering what qualifies me to keep or reaffirm the secured debt of a mortgage and automobile if I converted to a Chapter 7. I was wanting to refi my home and payoff the current BK but since I am under 36 months into the plan, I would have to go back and pay 100% on the debts, which would not be feasible. So I was wondering if I could convert to a 7, but keep my house and auto. Then I could make some things happen.
  #2  
Old 08-22-2005, 09:37 PM
Senior Member
  
Join Date: May 2001
Posts: 6,455
Why did you file a chapter 13 to begin with?
Either you had too much disposable income for a 7 or, you had too much equity in your home or auto. Do those conditions still apply?
  #3  
Old 08-22-2005, 09:49 PM
Junior Member
  
Join Date: Aug 2005
Posts: 2

Chapter 13 Conversion?

At the time of filing, my mortgages balances were 59K and 39K with a house value of 120K. How much disposable income can you have? How much equity in your home can you have? Thanks
  #4  
Old 08-22-2005, 09:58 PM
Senior Member
  
Join Date: May 2001
Posts: 6,455
Here are Ga.'s exemptions.
[url]http://www.thebankruptcysite.com/bankruptcy-exemptions/georgia.php[/url]

Just a real general rule, much over $100/month will get your Chapter 7 dismissed.
Talk with your lawyer about the possibility of conversion.
Reply

« Previous Thread | Next Thread »


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 12:15 AM.

Contact Us - FreeAdvice - Archive - Privacy Statement - Top

IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.
FreeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.