personal-bankruptc

Bankruptcy Database

Roy Anthony Amaya - San Jose, California

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Amaya, Roy Anthony - San Jose, California (Court Case:16-50533)

Bankruptcy filed - February 2016, discharged - May 2016
Roy Anthony Amaya 
Court Case:   16-50533
Chapter: 7, A chapter 7
( ... in accordance with the provisions of the Bankruptcy Code. Part of ...) §7
Filed: February 24, 2016
Discharged: May 24, 2016



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.