personal-bankruptc

Bankruptcy Database

Elena Christine Devers - Key West, Florida

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Devers, Elena Christine - Key West, Florida (Court Case:08-26655)

Bankruptcy filed - November 2008, discharged - February 2009
Elena Christine Devers 
Court Case:   08-26655
Chapter: 7, A chapter 7
( ... the bankruptcy trustee gathers and sells the debtor's ...) §7
Filed: November 02, 2008
Discharged: February 25, 2009



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.