Proposed Order Granting Debtor's Motion: Convert Chapter 7 Case to a Chapter 11, 12, or 13 Case
About this template
The legal template titled "Proposed Order Granting Debtor's Motion: Convert Chapter 7 Case to a Chapter 11, 12, or 13 Case" is a document that pertains to bankruptcy proceedings in a court of law. This specific template is focused on a motion made by a debtor requesting the conversion of their Chapter 7 bankruptcy case to a Chapter 11, 12, or 13 bankruptcy case.
In bankruptcy law, Chapter 7 pertains to liquidation bankruptcy, where the debtor's non-exempt assets are sold to repay creditors. On the other hand, Chapter 11, 12, and 13 bankruptcy cases provide opportunities for the debtor to reorganize their debts and propose repayment plans to satisfy their creditors over a certain period of time.
The proposed order included in this template outlines the decisions made by the court to grant the debtor's motion for conversion from Chapter 7 to either Chapter 11, 12, or 13 bankruptcy. It addresses various factors considered by the court, such as the debtor's financial situation, ability to pay, potential for reorganization, and the overall benefit to both the debtor and the creditors involved.
The template may include specific sections that outline the court's reasoning for granting the motion, conditions or requirements imposed on the debtor during the transition, and instructions to both parties involved on how to proceed with the conversion process. It may also clarify the changes in bankruptcy chapters and the implications for the debtor's case.
Overall, this legal template serves as a framework for drafting an order that formally approves the debtor's request to convert their Chapter 7 bankruptcy case to a Chapter 11, 12, or 13 case, signaling a shift from asset liquidation to debt reorganization and repayment.