Artemio Corpus Abad San Diego California

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Bankruptcy Database

A
B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Debtor: Abad, Artemio Corpus - San Diego, California (CA)

Bankruptcy filed - December 2012, discharged - April 2013
Court Case: 12-16956 (California Bankruptcy Court)
Chapter: 7, A chapter 7 ... bankruptcy case does not involve the filing of ... §7
Filed: December 30, 2012
Discharged: April 10, 2013

Artemio Corpus Abad   Address: 1857 Olamar Way San Diego, 92139 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.