personal-bankruptc

Bankruptcy Database

Christopher Donald Fox - Port Saint Lucie, Florida

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Fox, Christopher Donald - Port Saint Lucie, Florida (Court Case:11-41441)

Bankruptcy filed - November 2011, discharged - March 2012
Christopher Donald Fox 
Court Case:   11-41441
Chapter: 7, A chapter 7
( ... "exempt" property; but a trustee will liquidate the ...) §7
Filed: November 10, 2011
Discharged: March 04, 2012



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.