personal-bankruptc

Bankruptcy Database

Courtney Keath Burgett - Auburndale, Florida

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Burgett, Courtney Keath - Auburndale, Florida (Court Case:8:15-bk-03685)

Bankruptcy filed - April 2015, discharged - July 2015
Courtney Keath Burgett 
Court Case:   8:15-bk-03685
Chapter: 7, A chapter 7
( ... does not involve the filing of a ...) §7
Filed: April 08, 2015
Discharged: July 07, 2015



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.