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You can file a petition to convert to a Chapter 13 if there is proof that you have income to support a repayment plan.
Because one requirement of being in Chapter 13 is the ability to pay a plan, you will have to submit current earnings and expenses. Thus, new schedules would be needed.
I assume that the reason for the conversion is the settlement money being received as you now have money to pay creditors. Thus, I don't see how this would be a problem.
It doesn't appear that the trustee objects to the settlement amount as he/she has stated if the case is converted, the objection will be withdrawn. Thus, it doesn't appear that the trustee has an agenda to challenge the compromised settlement.
I don't think the trustee is going to challenge the settlement amount based on your previous posts.