Cenon Bitas Abanico Camarillo California

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Bankruptcy Database

Debtor: Abanico, Cenon Bitas - Camarillo, California (CA)

Bankruptcy filed - December 2012, discharged - April 2013
Court Case: 9:12-bk-14642-RR (California Bankruptcy Court)
Chapter: 7, A chapter 7 ... the filing of a plan of repayment as in chapter ... §7
Filed: December 26, 2012
Discharged: April 07, 2013

Cenon Bitas Abanico   Address: 585 Paseo Lunar Camarillo, 93010 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.