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forecloser bankrup chapter 13

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desprate for help

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PostPosted: Tue Jun 24, 2008 4:27 pm    Post subject: forecloser bankrup chapter 13

i filed chapter 13 to prevent forecloser can i now go back and change to chapter 7 and what happens
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Icon Mini Profile jameshogg
jameshogg


Joined: 20 Dec 2005

Posts: 997
Location: nevada


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PostPosted: Tue Jun 24, 2008 9:47 pm    Post subject: RE: converting from chapter 13 to ch 7

Hi guest,

Welcome to forums.

It is possible to convert Chapter 13 to chapter 7 bankruptcy. But when did you file chapter 13? I mean how long is it after you have filed bankruptcy? Just check out a previous discussion on whether one can convert Chapter 13 to Chapter 7 bankruptcy .

Thanks
 
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PostPosted: Wed Jun 25, 2008 9:48 am    Post subject: ..

the chapter 13 for some reason is easier to get a loan on after ontime payments. 2 years from the date it was filed a lender can do whats called a bail out. dont know if that would help wiegh your desicion or not but i wanted you to know that. if you go into a 7 you have to wait 2 years before you can refinance (from the discharge date).....

good luck

John Murphy
 
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