Kentucky Bankruptcy Law

Counsel with Care

It is Time to Go

I am an advocate for Chapter 13 bankruptcy because of its flexibility. Provision 11 USC Section.  1307(a) allows a debtor to convert to a Chapter 7 under certain circumstances. And,  1307(b) allows for the debtor to dismiss the case if they started out in a 13.

One reason for a voluntary dismissal came up just recently. The debtor’s situation had worsened. Ordinarily this would be cause for converting to a 7. However,  they had also moved far away and it would cost more to come back to Kentucky for the Chapter 7 meeting of creditors than to dismiss here and file a new Chapter 7 there.

Problem solved.

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April 21, 2014 - Posted by | Uncategorized

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