Jovita Deluna Abano Antioch California

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Debtor: Abano, Jovita Deluna - Antioch, California (CA)

Bankruptcy filed - July 2011, discharged - October 2011
Court Case: 11-47415 (California Bankruptcy Court)
Chapter: 7, A chapter 7 ... will allow the debtor to keep certain "exempt" ... §7
Filed: July 12, 2011
Discharged: October 03, 2011

Jovita Deluna Abano   Address: 4832 Wexler Peak Way Antioch, 94531 California

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.