personal-bankruptc

Bankruptcy Database

Napora Juana Santos De - Daly City, California

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ De, Napora Juana Santos - Daly City, California (Court Case:12-31153)

Bankruptcy filed - April 2012, discharged - July 2012
Napora Juana Santos De 
Court Case:   12-31153
Chapter: 7, A chapter 7
( ... the bankruptcy trustee gathers and sells the debtor's nonexempt ...) §7
Filed: April 12, 2012
Discharged: July 29, 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.