Hi all,
I was just past my 341 hearing when two days later I was laid off. My confirmation hearing is 10/8 and my lawyer is going to ask at that time for a conversion to Chapter 7 (or a continuance if my acceptance for unemployment compensation doesn't kick in by then- it should!). I understand I will have to have a new 341 but what I'm unclear of is when my employment status can change. I know at my 341 they asked if my employment status had changed, so at the Chapter 7 341, if I am employed at that time, will they reject my conversion?
I was only getting the 13 because I have IRS debt.
I am actively looking for work, but obviously I'd rather have the 7 and work with the IRS seperately once I am employed. At what point will it make a difference whether I am employed or not? I HATE!!!! not working, not just because of the money, just can't stand doing nothing. However, I hate to be locked into a 13 payment during a new job, when you don't know if it will work out or not.
So, if anyone has a good idea of what the timeline is on when my employment status will affect the conversion, I'd appreciate it.
I was just past my 341 hearing when two days later I was laid off. My confirmation hearing is 10/8 and my lawyer is going to ask at that time for a conversion to Chapter 7 (or a continuance if my acceptance for unemployment compensation doesn't kick in by then- it should!). I understand I will have to have a new 341 but what I'm unclear of is when my employment status can change. I know at my 341 they asked if my employment status had changed, so at the Chapter 7 341, if I am employed at that time, will they reject my conversion?
I was only getting the 13 because I have IRS debt.
I am actively looking for work, but obviously I'd rather have the 7 and work with the IRS seperately once I am employed. At what point will it make a difference whether I am employed or not? I HATE!!!! not working, not just because of the money, just can't stand doing nothing. However, I hate to be locked into a 13 payment during a new job, when you don't know if it will work out or not.
So, if anyone has a good idea of what the timeline is on when my employment status will affect the conversion, I'd appreciate it.
Comment