Should I Expect Conversion To Chapter 13 From 7
My laywer never mentioned it until it was time to sign. Then he had me sign paper work acknowledging that he notified me that 'My case could be converted to a chapter 13' .. I assume this has to do with income vs. expenses? Has anyone had experience with this happening (*or not!). I'm in Northern California, make $43,000 with wifes income. Exempted assets of $25,000 and bills of $45,000. My budget puts me just over the 3000 per month we take home but includes items some may feel are luxury like cell phone, health club, lunch out at work. What is the criteria here? Has anyone already done this with these or similiar circumstances? What should I expect if it is converted to a chapter 13?
It could be anything from a standard letter that the lawyer has all clients sign to a significant concern that you may not qualify for a Chapter 7. I'd suggest speaking with the attorney to see which it is.
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