Maxwell Nmn Abagulum Englewood Colorado

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Debtor: Abagulum, Maxwell Nmn - Englewood, Colorado (CO)

Bankruptcy filed - September 2015, discharged - December 2015
Court Case: 15-20830 (Colorado Bankruptcy Court)
Chapter: 7, A chapter 7 ... realize that the filing of a petition under chapter 7 ... §7
Filed: September 27, 2015
Discharged: December 27, 2015

Maxwell Nmn Abagulum   Address: 105 West Belleview Avenue Apartment 304 Englewood, 80110-6646 Colorado

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.