Conversion to Another Bankruptcy Chapter – Conversion means that the court has approved changing a bankruptcy case from one chapter to another chapter.
Conversion may be requested by a debtor, by a trustee or creditor, or be independently ordered by the court.
Chapter 13 Bankruptcy is Bad For Your Finances
Dismissal means creditors again can start procedures to pursue debt, garnish income or foreclose on property.
Generally, a creditor will file an objection to the discharge of its debt only.
Creditors assert many reasons a debt shouldn't be discharged, the most serious being that the debtor provided false statements or misleading information when filling out a loan application or financial statement.