"New York Convert Bankruptcy Chapter 13 to Chapter 7"

In the past, many debtors in New York bankruptcy filed Chapter 13 when past due on home their mortgages. In a chapter 7 case, payments must be brought current to retain possession. In a Chapter 13 case, once mortgage payments are brought current through trustee payments (based upon priority assigned to particular debts), many debtors sought conversion to discharge all remaining debts through Chapter 7.

Bankruptcy terminology tends to highly technical, complex, and somewhat confusing to general practioners. For consumer debtors filing for the first time, the terms and phrases can be daunting. The most accurate means of resolving questions of law necessarily relies upon the advice and counsel of local lawyers and law firms who are familiar with customs within the Division and District in which they practice. Attorneys who regularly practice before federal courts must be licensed not only by the New York State Bar, but also by the Federal Court for each Division. This additional license requires familiarity with local rules and the recommendation of other attorneys who previously received federal approval. Also be aware, federal employees are prohibited to provide parties in interest what may be deemed as legal advice.

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