Hector R Abad Doral Florida

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Debtor: Abad, Hector R - Doral, Florida (FL)

Bankruptcy filed - March 2013, discharged - June 2013
Court Case: 13-16784 (Florida Bankruptcy Court)
Chapter: 7, A chapter 7 ... accordance with the provisions of the Bankruptcy Code. ... §7
Filed: March 25, 2013
Discharged: June 29, 2013

Hector R Abad   Address: 10855 Northwest 50th Street Apartment 201 Doral, 33178 Florida

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.