Cases Demonstrate Multiple Ways to Leave Chapter 7
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News Topic: Conversion
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A Back Door to Chapter 7 for Means-Challenged Debtors?
There is now a difference of opinion in the published cases about whether means testing applies to determine chapter 7 eligibility in a case converted from chapter 13. Last month, Bankruptcy Judge Burns of the District of New Jersey decided In re Fox , ... Read full article
When Would I Convert from Chapter 7 to Chapter 13 Bankruptcy?
Although debtors are typically required to pay at least some of their unsecured debts in Chapter 13, and are required to complete a plan, it may sometimes be strategic to convert a Chapter 7 case to Chapter 13. When would this be? If a creditor objects to ... Read full article
Former Wilkes Bashford Company Asks Court to Convert Bankruptcy to Chapter 7, Remaining Unsecured Creditors Likely to Receive Less than 1% Recovery
Summary: Last Thursday, TWBC, Inc. filed a motion asking the bankruptcy court in San Francisco to convert its chapter 11 bankruptcy case to chapter 7. The company was formerly known as The Wilkes Bashford Company and operated a chain of high-end luxury ... Read full article
A Back Door to Chapter 7 for Means-Challenged Debtors?
There is now a difference of opinion in the published cases about whether means testing applies to determine chapter 7 eligibility in a case converted from chapter 13. Last month, Bankruptcy Judge Burns of the District of New Jersey decided In re Fox , ... Read full article