Changes

Each different type of bankruptcy is covered under a different Chapter of the Code.

Each different type of bankruptcy is covered under a different Chapter of the Code.

Although a bankruptcy may be filed under one chapter (either by the debtor or the creditors), the other party may seek to have the bankruptcy changed ("converted") to one under a different chapter.  For example, a business may seek reorganization under Chapter 11, but its creditors (believing that the business has no chance of survival) may petition a conversion to Chapter 7.

Although a bankruptcy may be filed under one chapter (either by the debtor or the creditors), the other party may seek to have the bankruptcy changed ("converted") to one under a different chapter.  For example, a business may seek reorganization under Chapter 11, but its creditors (believing that the business has no chance of survival) may petition a conversion to Chapter 7.  Depending on the bankruptcy code, there may be local rules requiring a motion and adherence to certain procedures in order to convert a status from one chapter to another.

===Chapter 7===

===Chapter 7===