personal-bankruptc

Bankruptcy Database

Kenya E Draper - West Haven, Connecticut

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Draper, Kenya E - West Haven, Connecticut (Court Case:13-31923)

Bankruptcy filed - October 2013, discharged - January 2014
Kenya E Draper 
Court Case:   13-31923
Chapter: 7, A chapter 7
( ... subject to liens and mortgages that pledge the ...) §7
Filed: October 06, 2013
Discharged: January 10, 2014



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.