personal-bankruptc

Bankruptcy Database

Tapia Carol Estrella - Pico Rivera, California

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Estrella, Tapia Carol - Pico Rivera, California (Court Case:2:13-bk-11322-PC)

Bankruptcy filed - January 2013, discharged - April 2013
Tapia Carol Estrella 
Court Case:   2:13-bk-11322-PC
Chapter: 7, A chapter 7
( ... gathers and sells the debtor's nonexempt assets and uses ...) §7
Filed: January 15, 2013
Discharged: April 27, 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.