Curtis Tamika Louise Bettis Smiths Station Alabama

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Debtor: Bettis, Curtis Tamika Louise - Smiths Station, Alabama (AL)

Bankruptcy filed - August 2014, discharged - November 2014
Court Case: 14-81050 (Alabama Bankruptcy Court)
Chapter: 7, A chapter 7 ... trustee will liquidate the debtor's remaining assets. Accordingly, potential debtors should ... §7
Filed: August 18, 2014
Discharged: November 16, 2014

Curtis Tamika Louise Bettis   Address: 686 Lee Road 315 Lot 124 Smiths Station, 36877-3134 Alabama

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.