What happens to student loans/state taxes if I convert my Chapter 13 into a Chapter 7?

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What happens to student loans/state taxes if I convert my Chapter 13 into a Chapter 7?

I am currently in a Chapter 13 bankruptcy but cannot afford the payments. I was recently divorced again and now have over $1,300 a month in child support payments. I have no assets and little money. I am considering converting my 13 in to a 7 but I have student loans and state taxes (from a now defunct business) included in the 13. What would happen with those if I qualify for 7? I know they are not eligible for Chapter 7, so how would I repay them? Can I even convert it if I have those types of debts?

Asked on March 12, 2012 under Bankruptcy Law, Ohio

Answers:


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