personal-bankruptc

Bankruptcy Database

Eugenio Clerge - Fort Lauderdale, Florida

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Clerge, Eugenio - Fort Lauderdale, Florida (Court Case:10-23603)

Bankruptcy filed - May 2010, discharged - September 2010
Eugenio Clerge 
Court Case:   10-23603
Chapter: 7, A chapter 7
( ... (creditors) in accordance with the provisions of ...) §7
Filed: May 17, 2010
Discharged: September 09, 2010



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.