personal-bankruptc

Bankruptcy Database

Jr James Harold Breckenridge - Semmes, Alabama

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Breckenridge, Jr James Harold - Semmes, Alabama (Court Case:13-00049)

Bankruptcy filed - January 2013, discharged - April 2013
Jr James Harold Breckenridge 
Court Case:   13-00049
Chapter: 7, A chapter 7
( ... as in chapter 13. Instead, the bankruptcy trustee gathers and sells ...) §7
Filed: January 04, 2013
Discharged: April 07, 2013



A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code. Part of the debtor's property may be subject to liens and mortgages that pledge the property to other creditors. In addition, the Bankruptcy Code will allow the debtor to keep certain "exempt" property; but a trustee will liquidate the debtor's remaining assets. Accordingly, potential debtors should realize that the filing of a petition under chapter 7 may result in the loss of property.