![]() While you don’t have to file a new bankruptcy petition, you typically need to file additional forms and amend certain schedules after converting your bankruptcy. You will also need to attend a new meeting of creditors (also called the 341 hearing). When you convert your case, you will be assigned a new Chapter 7 bankruptcy trustee. What Happens When You Convert Your Bankruptcy? Also, keep in mind that even if the Court does not require you to comply with the means test when you convert, you may still have to explain to the court how your financial circumstances have changed and why you can no longer afford to be in Chapter 13. If you filed a Chapter 13 bankruptcy because you could not qualify for a Chapter 7, you should discuss the matter with a knowledgeable bankruptcy attorney before converting your case. While some jurisdictions require debtors to pass the means test when they convert their Chapter 13 to Chapter 7, other courts have held that the means test is not applicable in a conversion. But bankruptcy courts are divided on whether the means test applies in a Chapter 7 case that was converted from a Chapter 13. To qualify for Chapter 7 bankruptcy, you normally have to pass a means test.
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