Danial Mark Hurst Smiths Station Alabama

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Debtor: Hurst, Danial Mark - Smiths Station, Alabama (AL)

Bankruptcy filed - September 2014, discharged - December 2014
Court Case: 2014-81223 (Alabama Bankruptcy Court)
Chapter: 7, A chapter 7 ... the debtor's remaining assets. Accordingly, potential debtors should ... §7
Filed: September 17, 2014
Discharged: December 16, 2014

Danial Mark Hurst   Address: 91 Lee Road 981 Smiths Station, 36877-2394 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.