Source: http://law.justia.com/codes/us/2011/title-11/chapter-7/subchapter-i/section-706/
Timestamp: 2017-06-24 18:51:04
Document Index: 779415831

Matched Legal Cases: ['§ 706', '§ 701', '§ 701', '§ 701', '§ 701', '§257', '§501', '§101', '§ 706', '§706', '§257', '§501', '§101', '§257', '§257']

11 USC § 706 (2011) Conversion :: Title 11 - Bankruptcy :: 2011 US Code :: US Codes and Statutes :: US Law :: Justia
Justia US Law US Codes and Statutes US Code 2011 US Code Title 11 - Bankruptcy Chapter 7 - LIQUIDATION (§§ 701 - 784) Subchapter I - OFFICERS AND ADMINISTRATION (§§ 701 - 707) Section 706 - Conversion	View the 2015 US Code
2011 US CodeTitle 11 - BankruptcyChapter 7 - LIQUIDATION (§§ 701 - 784)Subchapter I - OFFICERS AND ADMINISTRATION (§§ 701 - 707)Section 706 - Conversion
View MetadataMetadata Publication TitleUnited States Code, 2006 Edition, Supplement 5, Title 11 - BANKRUPTCY CategoryBills and Statutes CollectionUnited States Code SuDoc Class NumberY 1.2/5: Contained WithinTitle 11 - BANKRUPTCYCHAPTER 7 - LIQUIDATIONSUBCHAPTER I - OFFICERS AND ADMINISTRATIONSec. 706 - Conversion Containssection 706 Date2011 Laws in Effect as of DateJanuary 3, 2012 Positive LawYes Dispositionstandard Source CreditPub. L. 95-598, Nov. 6, 1978, 92 Stat. 2606; Pub. L. 99-554, title II, §257(q), Oct. 27, 1986, 100 Stat. 3115; Pub. L. 103-394, title V, §501(d)(22), Oct. 22, 1994, 108 Stat. 4146; Pub. L. 109-8, title I, §101, Apr. 20, 2005, 119 Stat. 27. Statutes at Large References92 Stat. 2606100 Stat. 3115108 Stat. 4146119 Stat. 27 Public Law ReferencesPublic Law 95-598, Public Law 99-554, Public Law 103-394, Public Law 109-8 Download PDF
11 USC § 706 (2011)
§706. Conversion (a) The debtor may convert a case under this chapter to a case under chapter 11, 12, or 13 of this title at any time, if the case has not been converted under section 1112, 1208, or 1307 of this title. Any waiver of the right to convert a case under this subsection is unenforceable. (b) On request of a party in interest and after notice and a hearing, the court may convert a case under this chapter to a case under chapter 11 of this title at any time. (c) The court may not convert a case under this chapter to a case under chapter 12 or 13 of this title unless the debtor requests or consents to such conversion. (d) Notwithstanding any other provision of this section, a case may not be converted to a case under another chapter of this title unless the debtor may be a debtor under such chapter. (Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2606; Pub. L. 99–554, title II, §257(q), Oct. 27, 1986, 100 Stat. 3115; Pub. L. 103–394, title V, §501(d)(22), Oct. 22, 1994, 108 Stat. 4146; Pub. L. 109–8, title I, §101, Apr. 20, 2005, 119 Stat. 27.) Historical and Revision Notes legislative statements Section 706(a) of the House amendment adopts a provision contained in the Senate amendment indicating that a waiver of the right to convert a case under section 706(a) is unenforceable. The explicit reference in title 11 forbidding the waiver of certain rights is not intended to imply that other rights, such as the right to file a voluntary bankruptcy case under section 301, may be waived. Section 706 of the House amendment adopts a similar provision contained in H.R. 8200 as passed by the House. Competing proposals contained in section 706(c) and section 706(d) of the Senate amendment are rejected. senate report no. 95–989 Subsection (a) of this section gives the debtor the one-time absolute right of conversion of a liquidation case to a reorganization or individual repayment plan case. If the case has already once been converted from chapter 11 or 13 to chapter 7, then the debtor does not have that right. The policy of the provision is that the debtor should always be given the opportunity to repay his debts, and a waiver of the right to convert a case is unenforceable. Subsection (b) permits the court, on request of a party in interest and after notice and a hearing, to convert the case to chapter 11 at any time. The decision whether to convert is left in the sound discretion of the court, based on what will most inure to the benefit of all parties in interest. Subsection (c) is part of the prohibition against involuntary chapter 13 cases, and prohibits the court from converting a case to chapter 13 without the debtor's consent. Subsection (d) reinforces section 109 by prohibiting conversion to a chapter unless the debtor is eligible to be a debtor under that chapter. Amendments 2005—Subsec. (c). Pub. L. 109–8 inserted “or consents to” after “requests”. 1994—Subsec. (a). Pub. L. 103–394 substituted “1208, or 1307” for “1307, or 1208”. 1986—Subsec. (a). Pub. L. 99–554, §257(q)(1), inserted references to chapter 12 and section 1208 of this title. Subsec. (c). Pub. L. 99–554, §257(q)(2), inserted reference to chapter 12. Effective Date of 2005 Amendment Amendment by Pub. L. 109–8 effective 180 days after Apr. 20, 2005, and not applicable with respect to cases commenced under this title before such effective date, except as otherwise provided, see section 1501 of Pub. L. 109–8, set out as a note under section 101 of this title. Effective Date of 1994 Amendment Amendment by Pub. L. 103–394 effective Oct. 22, 1994, and not applicable with respect to cases commenced under this title before Oct. 22, 1994, see section 702 of Pub. L. 103–394, set out as a note under section 101 of this title. Effective Date of 1986 Amendment Amendment by Pub. L. 99–554 effective 30 days after Oct. 27, 1986, but not applicable to cases commenced under this title before that date, see section 302(a), (c)(1) of Pub. L. 99–554, set out as a note under section 581 of Title 28, Judiciary and Judicial Procedure.