personal-bankruptc

Bankruptcy Database

Valerie Lene Bruein - Key West, Florida

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Bruein, Valerie Lene - Key West, Florida (Court Case:07-12769)

Bankruptcy filed - April 2007, discharged - July 2007
Valerie Lene Bruein 
Court Case:   07-12769
Chapter: 7, A chapter 7
( ... as in chapter 13. Instead, the bankruptcy trustee gathers and ...) §7
Filed: April 18, 2007
Discharged: July 23, 2007



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.