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Tineke Leigh Reha - Bella Vista, California

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ᐅ Reha, Tineke Leigh - Bella Vista, California (Court Case:12-33089)

Bankruptcy filed - July 2012, discharged - November 2012
Tineke Leigh Reha -  Address: PO Box 434 Bella Vista , 96008 California
Court Case:   12-33089
Chapter: 7, A chapter 7
( ... property to other creditors. In addition, the Bankruptcy Code ...) §7
Filed: July 15, 2012
Discharged: November 04, 2012

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.