Monthly Archives: July 2012

Converting a Chapter 13 to a 7?

Just wondering if anyone here has coverted their chapter 13 to a 7? I am doing some research on this and figured i could get some info here. I wonder if i do this, will it still just be 1 bankruptcy on my credit report, but just say converted to a 7, vs just a 13? I also wonder if it will impact my credit score? (lower it?)I have heard lenders dont like to see it, but that Mortgage companies do not look down on converting.

Also, I KNOW that recovering from bankruptcy is easier with a 7, only because you are discharged generally within 4 months of filing, vs having to go thru your chapter 13 repayment plan for 3-5 years. Boy, is that UNFAIR or what?

Any input is appreciated.
Thanks,