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Rice Eugenia Isabel De - San Diego, California

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Debtor:

ᐅ De, Rice Eugenia Isabel - San Diego, California (Court Case:12-06584)

Bankruptcy filed - May 2012, discharged - August 2012
Rice Eugenia Isabel De 
Court Case:   12-06584
Chapter: 7, A chapter 7
( ... pay holders of claims (creditors) in accordance with the provisions of ...) §7
Filed: May 03, 2012
Discharged: August 19, 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.