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Converting Between Bankruptcy Chapters
Did you know you know that converting between bankruptcy chapters is possible? Watch this video by experienced Jamestown bankruptcy attorney Scott Humble to learn how you can convert your Chapter 7 bankruptcy into a Chapter 13 bankruptcy.
It’s important to understand that when you file a Chapter 7 or Chapter 13, you can convert between the chapters if the circumstances change. I went to court on a case last month, for a client who thought that they could get caught up on their house payments and it didn’t work out.
In the long run, they were going to end up losing their house because they couldn’t catch up on their mortgage payments, and they were in Chapter 7, so what we did is we went in, converted the case over to Chapter 13, put the arrears into the plan, and that way she can keep her house and it can’t foreclose.
If you’re considering filing for bankruptcy, contact experienced Bankruptcy Attorney Scott Humble for a consultation.
Next Article: What is an Automatic Stay?
Filing for bankruptcy can feel like the end of your financial life, but it’s really the beginning. The New York Bankruptcy Guide was created by Jamestown bankruptcy attorney Scott Humble to show residents how to become free of debt without sacrificing their personal belongings. Download our FREE Bankruptcy Guide.
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