Abraham Abaie Cave Creek Arizona

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Bankruptcy Database

Debtor: Abaie, Abraham - Cave Creek, Arizona (AZ)

Bankruptcy filed - March 2011, discharged - June 2011
Court Case: 2:11-bk-05563 (Arizona Bankruptcy Court)
Chapter: 7, A chapter 7 ... property; but a trustee will liquidate the debtor's remaining assets. ... §7
Filed: March 04, 2011
Discharged: June 10, 2011

Abraham Abaie   Address: 4508 East Sierra Sunset Trail Cave Creek, 85331 Arizona

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.