Can I Convert my Chapter 13 to a Chapter 7?

Yes, a Chapter 13 can be converted to a Chapter 7 once it has already been filed and vice versa.  In many cases, the trustee will file a motion for conversion before the debtor does if it appears that the debtor will not be able to reach a suitable amount of agreed upon payments or if the agreed upon amount is not feasible for the debtor to maintain.

In order for a debtor to initiate conversion he/she must pay a fee of $25 and file a motion to convert, citing good cause.  An example of a case where a Chapter 13 could be converted to a Chapter 7 is someone who loses their job in the midst of filing.  This person would not be able to make payments to its debtors and would need to convert to liquidation.

It is highly recommended that you seek skilled and experienced counsel to represent your interests when filing for bankruptcy.  The Fears | Nachawati Law Firm possesses the training and knowhow to guide you through a successful bankruptcy filing.