{"id":4482,"date":"2022-08-19T07:12:02","date_gmt":"2022-08-19T07:12:02","guid":{"rendered":"https:\/\/phoenixfreshstartbankruptcy.com\/?page_id=4482"},"modified":"2023-02-28T13:10:47","modified_gmt":"2023-02-28T13:10:47","slug":"converting-chapter-13-to-chapter-7","status":"publish","type":"page","link":"https:\/\/phoenixfreshstartbankruptcy.com\/converting-chapter-13-to-chapter-7\/","title":{"rendered":"Converting Your Chapter 13 Bankruptcy to Chapter 7"},"content":{"rendered":"
Bankruptcy is a set of federal laws and regulations that can assist individuals and businesses with excessive debt. In almost all 94 federal judicial districts, bankruptcy cases are filed in the bankruptcy court. Cases of bankruptcy cannot be filed in state courts. By liquidating their assets to pay off their debts or establishing a repayment plan, bankruptcy laws enable individuals who are unable to pay their creditors to start over.<\/span><\/p>\n Additionally, bankruptcy laws provide for the orderly distribution of business assets to creditors through reorganization or liquidation. The primary objectives of bankruptcy law are:<\/span><\/p>\n In some bankruptcy cases, the debtor is allowed to reorganize and establish a plan to repay creditors, while in others, the debtor’s assets are liquidated. Some might be qualified for bankruptcy 7, while others for chapter 13 bankruptcy. But once this has been determined, is there any way how to convert chapter 13 to chapter 7 bankruptcy and vice versa?\u00a0<\/span><\/p>\n At Phoenix Fresh Start Bankruptcy Attorneys, we prioritize addressing issues arising from bankruptcies and taking prompt legal action when necessary. If you have any questions, please do not hesitate to call us or make an appointment for a complimentary consultation. At any hour of the day or night, we are available to <\/span>discuss the various legal options available to you<\/span><\/a>.<\/span><\/p>\n A bankruptcy attorney is essential for the majority of individuals filing for bankruptcy, navigating bankruptcy proceedings, and recovering after discharge. A bankruptcy attorney serves multiple purposes throughout the procedure and can assist a client in determining the optimal course of action. Insolvency is a highly complex legal process, and bankruptcy courts do not tolerate errors. Even minor errors can result in a judge dismissing a case or the loss of significant assets, such as a home or car. Skilled attorneys ensure that no errors are made and that their clients’ assets are safeguarded to the full extent of the law.<\/span><\/p>\n One of the most essential responsibilities of a bankruptcy attorney is to explain bankruptcy to clients. Before consulting an attorney, most individuals have a limited understanding of bankruptcy law. They are aware that it can help them eliminate debt, but they are unaware of its consequences and alternatives.\u00a0<\/span><\/p>\n Not everyone knows that there are two types of bankruptcy available to individuals: chapter 7 and chapter 13. Both types offer distinct advantages, but one is almost always preferable to the other when a person’s unique circumstances are considered. The possibility of\u00a0 converting your Chapter 13 Bankruptcy to Chapter 7 can also arise. With the help of a trusted Arizona bankruptcy lawyer, the process would be easier and a favorable outcome awaits.\u00a0<\/span><\/p>\n\n
Why do I need a Bankruptcy Attorney in Arizona?<\/span><\/h2>\n
What is Chapter 13 Bankruptcy?<\/span><\/h2>\n