Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

34
Posts
2
Votes
Michael S.
  • Bowling Green, KY
2
Votes |
34
Posts

Applicant Converting Chapter 13 to Chapter 7 Bankruptcy

Michael S.
  • Bowling Green, KY
Posted

I have an individual interested in applying for a vacant townhome I own, but is asking whether or not a bankruptcy filing will be an automatic 'no' for the application. I haven't dealt with bankruptcies and am only marginally familiar with the implications. 

This potential applicant filed for bankruptcy (I assume Chapter 13) 9 months ago, and is in the process of converting it to Chapter 7 to get rid of their house and move back to their home town (where my rental is located). It is my general understanding that to convert to Chapter 7 from 13, you have to not be able to afford the payment plan the courts originally ordered...

Anyone had a similar situation? Thoughts on whether this is an automatic deal breaker? 

Loading replies...