Articles Tagged with bankruptcy conversion

Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 7 Bankruptcy?”

Most people think that when you file for bankruptcy you only get one shot, pick the right chapter to file under and you’re done. Though it’s true that some people only file under one chapter of the bankruptcy code, it is also true that it is possible to switch at some point in the process. This switching between various chapters is known as converting. To find out more about converting a bankruptcy filing, keep reading.

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “What is Chapter 13 bankruptcy?”

The United States Supreme Court recently heard oral arguments in two bankruptcy cases. While the decisions in the cases—expected later this summer—are not expected to be earth-shaking, the results may affect the manner in which debtors proceed in converting existing Chapter 13 bankruptcies into Chapter 7 actions and in considering the issue of appellate rights when submitting a Chapter 13 reorganization plan.