Subsection (d) deals with the conversion of a chapter 13 case to one under chapter 11. Subsections (a) and (b) confirm, without qualification, the rights of a chapter 13 debtor to convert the case to a liquidating bankruptcy case under chapter 7 of title 11, at any time, or to have the chapter 13 case dismissed. Subsection (c) specifies various conditions for the exercise of the power of the court to convert a chapter 13 case to one under chapter 7 or to dismiss the case. (A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time.People in business or individuals can also seek relief in chapter 11.) Chapter 12 The chapter of the Bankruptcy Code providing for adjustment of debts of a "family farmer" or a "family fisherman" as those terms are defined in the Bankruptcy Code.Chapter 7 Trustee A person appointed in a chapter 7 case to represent the interests of the bankruptcy estate and the unsecured creditors.(The trustee's responsibilities include reviewing the debtor's petition and schedules, liquidating the property of the estate, and making distributions to creditors.
341 Meeting A meeting of creditors at which the debtor is questioned under oath by creditors, a trustee, examiner, or the United States trustee about his/her financial affairs Adversary Proceeding A lawsuit arising in or related to a bankruptcy case that is commenced by filing a complaint with the bankruptcy court.
The trustee may also bring actions against creditors or the debtor to recover property of the bankruptcy estate.) The Trustee works under the general supervision of the court and the direct supervision of the United States Trustee.
Chapter 11 A reorganization bankruptcy, usually involving a corporation or partnership.
(a) The debtor may convert a case under this chapter to a case under chapter 7 of this title at any time. No case is to be converted from chapter 13 to any other chapter, unless the debtor is an eligible debtor under the new chapter.
Any waiver of the right to convert under this subsection is unenforceable. Subsection (f) reinforces section 109 by prohibiting conversion to a chapter under which the debtor is not eligible to proceed.