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  1. #1
    Join Date
    Jan 2008
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    Default Converting Bankruptcy Chapter 13 to Chapter 7

    My question involves bankruptcy in the state of: CA

    Can anyone tell me what Involuntary Chapter 7 means? I had my chapter 13 dissmissed so that i can file cpt 7. The Credit bureau reports Involuntary Chapter 7?

  2. #2
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
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    5,252

    Default Re: BK Chapter 13 to 7

    Quote Quoting acip4u
    View Post
    My question involves bankruptcy in the state of: CA

    Can anyone tell me what Involuntary Chapter 7 means? I had my chapter 13 dissmissed so that i can file cpt 7. The Credit bureau reports Involuntary Chapter 7?
    Were you not paying on your chapter 13 as you should have been?

    An involuntary bk is normally when creditors file a bankruptcy against you in hopes of getting some of their money. It can be done for a chapter 7 but not chapter 13 & certain criteria must be met. Yes, an involuntary chapter 7 can be reported on your credit report.

  3. #3
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
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    5,252

    Default Re: BK Chapter 13 to 7

    What I posted above, technically is an involuntary bankruptcy. However; if the creditors aren't forcing you to file chapter 7 but you decided to on your own due to not being able to handle the chapter 13 payments for example - then I guess you might say you had no choice but to file chaper 7 ("involuntarily" had to file chapter 7). That isn't really what an involuntary bk is though - it is as I stated in post above.

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