If you are facing financial difficulties and have decided to pursue Chapter 13 bankruptcy to achieve debt relief, you may find that your financial situation is more serious than you previously thought. Filing for Chapter 13 bankruptcy typically takes three to five years to complete and requires a consistent repayment plan to be fulfilled. During this time, a number of challenges, such as job loss or unexpected illness, may come up, forcing you to reevaluate your financial situation and possibly need to convert your case into Chapter 7 bankruptcy.
Financial difficulty can affect every part of your life. Fortunately, you don’t have to face difficult financial times indefinitely. To learn more about your case and whether you can convert your case from Chapter 13 to Chapter 7, contact our Raleigh bankruptcy lawyers at the Bradford Law Offices, today at 919-758-8879 and schedule a free consultation.
Converting Your Case
As long as one qualifies for Chapter 7 bankruptcy, he or she may convert their Chapter 13 case to a Chapter 7 bankruptcy at any point. This means the person must fulfill the following requirements:
- Have not filed for Chapter 7 bankruptcy within the past eight years
- Pass the means test
- Fill out the appropriate paperwork and file for Chapter 7 exemptions
- Meet with creditors
If you have any additional questions about your case, make sure you meet with a skilled and experienced legal professional.
If your Chapter 13 bankruptcy case has become too much to handle and you want to convert to Chapter 7, a skilled attorney can advise you through this process. Let a Raleigh bankruptcy attorney from the Bradford Law Offices, help you through the process. Get started on your case by calling us at 919-758-8879.