ᐅ Becerra, Villagomez Noemi - Aliso Viejo, California (Court Case:8:13-bk-16822-MW)
Bankruptcy filed - August 2013, discharged - November 2013
Villagomez Noemi Becerra - Address: 23511 Aliso Creek Road Apartment 36 Aliso Viejo , 92656 California
7, A chapter 7 ( ... of a plan of repayment as in chapter 13. Instead, the bankruptcy ...)§7
August 08, 2013
November 24, 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.