personal-bankruptc

Bankruptcy Database

William Amos Fronek - Surprise, Arizona

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Fronek, William Amos - Surprise, Arizona (Court Case:2:14-bk-05195)

Bankruptcy filed - April 2014, discharged - July 2014
William Amos Fronek 
Court Case:   2:14-bk-05195
Chapter: 7, A chapter 7
( ... assets and uses the proceeds of such assets to ...) §7
Filed: April 08, 2014
Discharged: July 07, 2014



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.