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Robin Marie Biagioli - North Port, Florida

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Debtor:

ᐅ Biagioli, Robin Marie - North Port, Florida (Court Case:8:11-bk-15435)

Bankruptcy filed - August 2011, discharged - December 2011
Robin Marie Biagioli 
Court Case:   8:11-bk-15435
Chapter: 7, A chapter 7
( ... the filing of a petition under chapter 7 may result in ...) §7
Filed: August 15, 2011
Discharged: December 01, 2011



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.