Haydee I Abad Hollywood Florida

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Debtor: Abad, Haydee I - Hollywood, Florida (FL)

Bankruptcy filed - June 2012, discharged - October 2012
Court Case: 12-25413 (Florida Bankruptcy Court)
Chapter: 7, A chapter 7 ... the provisions of the Bankruptcy Code. Part of the debtor's property may ... §7
Filed: June 24, 2012
Discharged: October 17, 2012

Haydee I Abad   Address: 2900 North 24th Avenue Apartment 3302 Hollywood, 33020 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.