0
Can you convert your Chapter 13 to a 7 clear out all your debt and how soon after can you refile Chapter 13 to save my house?
Wiki User
∙ 12y ago
Yes you can convert from a 13 to a 7. The time between a 7 and a 13 is 4 years from date of filings. You can try to file a 13 soon after a 13 discharge, but unless you are able to keep making mortgage payments AND pay back all mortgage arrears within 5 years, you will not be able to save the home, and a creditor would be able to get relief of stay and copntinue any foreclosure process.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is the process of converting chapter 13 to chapter7 We are in chapter 13 and it looks like with layoff we have to go to chapter 7 and lose the house. What do we do?
You file a motion to convert to chapter 7. If you are eligible, then the court should grant it.
Can you convert from a Chapter13 to a Chapter7 and keep your house if your payments are current?
If your home is "reaffirmed" within the chapter 13 and chapter 7. which is basically, you paying the lender within the bankrupcty transaction to contract with you in keeping your home and not losing it. please note: each time you "reaffirm" you are paying each transaction, i.e. chapter 13 (1x) converting to chapter 7 (2x). you can only convert any case ONLY one time. i.e. if your Lawyer errors and lets say begins as a chapter 7 then converts it to a 13, and it should have been a 7 to begin with, then you must request it to be "dismissed" and refile a NEW case. If that happens, get an entire NEW Attorney so this does not happen again. good luck.
If you convert from a chapter13 to a chapter7 can you keep your house if your payments are current?
If your home is "reaffirmed" within the chapter 13 and chapter 7. which is basically, you paying the lender within the bankrupcty transaction to contract with you in keeping your home and not losing it. please note: each time you "reaffirm" you are paying each transaction, i.e. chapter 13 (1x) converting to chapter 7 (2x). you can only convert any case ONLY one time. i.e. if your Lawyer errors and lets say begins as a chapter 7 then converts it to a 13, and it should have been a 7 to begin with, then you must request it to be "dismissed" and refile a NEW case. If that happens, get an entire NEW Attorney so this does not happen again. good luck.
How does chapter 13 affect deficiency of judgment if foreclosure is emminent and house is unwanted?
Surrender the asset (house) to the mortgage holder. Any deficiency will be added to the chapter 13 plan to the same extent as other unsecured debt. You may want to convert to a 7 if the 13 was to try to save the house.
When was Princeton Chapter House created?
Princeton Chapter House was created in 1909.
When was Edwardsville Chapter House created?
Edwardsville Chapter House was created in 1909.
When was Alton Chapter House created?
Alton Chapter House was created in 1909.
When was Zion Chapter House created?
Zion Chapter House was created in 1909.
When was Marine Chapter House created?
Marine Chapter House was created in 1909.
When was Andover Chapter House created?
Andover Chapter House was created in 1909.
What kind of paperwork does the trustee need in order to sell the house after filing chapter 13?
Unless the house was owned free and clear by the debtor, the trustee does nothing. The mortgagee forecloses and auctions the house off. If there was no mortgage, the trustee will either sell the house or auction it off.
When was Chi Omega Chapter House created?
Chi Omega Chapter House was created in 1927.
