personal-bankruptc

Bankruptcy Database

Jenise Mackillican Engel - Pompano Beach, Florida

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Engel, Jenise Mackillican - Pompano Beach, Florida (Court Case:08-21899)

Bankruptcy filed - August 2008, discharged - December 2008
Jenise Mackillican Engel 
Court Case:   08-21899
Chapter: 7, A chapter 7
( ... to liens and mortgages that pledge the property to other creditors. In ...) §7
Filed: August 21, 2008
Discharged: December 02, 2008



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.