§ 140.4     11 U.S.C. § 348: Effects of Conversion
Cite as:    Keith M. Lundin, Lundin On Chapter 13, § 140.4, at ¶ ____, LundinOnChapter13.com (last visited __________).
[1]

Conversion from Chapter 13 to Chapter 7 has complicated effects, including termination of the services of the Chapter 13 trustee, a “reach back” for the date of commencement of the Chapter 7 case and the transformation of many postpetition claims into prepetition claims. Section 348 was amended by the Bankruptcy Reform Act of 1994 to redefine property of the estate at conversion and to apply valuations of property and of secured claims determined during the Chapter 13 case. Section 348 was further amended by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA)1 to restrict valuation and modification of secured claims upon conversion to Chapter 7.2


 

1  Pub. L. No. 109-8, 119 Stat. 23 (2005).

 

2  See § 533.1 [ Lienholders’ Rights at Conversion under § 348(f) ] § 145.3  Lienholders’ Rights at Conversion under § 348(f) after BAPCPA.