Debtors Notice Of Conversion From Chapter 13 To Chapter 7 {CTB-LF240}

CTB-LF240 - DEBTOR'S NOTICE OF CONVERSION OF BANKRUPTCY CASE FROM CHAPTER 13 TO CHAPTER 7 PURSUANT TO 11 U.S.C. § 1307(a) and FED. R. BANKR. P. 1017(f)(3). This form is used in the United States Bankruptcy Court, District of Connecticut, by a debtor who wishes to voluntarily convert their bankruptcy case from Chapter 13 to Chapter 7. Chapter 13 allows debtors to repay creditors over time through a court-approved repayment plan, whereas Chapter 7 involves the liquidation of non-exempt assets to pay creditors. This notice informs the court and all relevant parties that the debtor is exercising their legal right to convert the case without the need for a hearing or court order. The form includes information such as the date the original Chapter 13 petition was filed, the name of the Chapter 13 trustee, and confirmation that the required conversion fee is being submitted. It also includes a declaration of the debtor’s eligibility for Chapter 7 relief and confirmation that the request is being made in good faith. The accompanying Proof of Service section details how notice of the conversion was provided to all necessary parties through methods such as electronic filing, U.S. mail, or personal delivery. This form is MANDATORY. It has been approved for use in the United States Bankruptcy Court for the District of Connecticut. www.FormsWorkflow.com