personal-bankruptc

Bankruptcy Database

David S Fromhart - Spring Hill, Florida

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Fromhart, David S - Spring Hill, Florida (Court Case:8:14-bk-04843)

Bankruptcy filed - April 2014, discharged - July 2014
David S Fromhart 
Court Case:   8:14-bk-04843
Chapter: 7, A chapter 7
( ... plan of repayment as in chapter 13. Instead, the bankruptcy trustee ...) §7
Filed: April 29, 2014
Discharged: July 28, 2014



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.















Debtor:

ᐅ Fromhart, David S - Spring Hill, Florida (Court Case:8:2014-bk-04843)

Bankruptcy filed - April 2014, discharged - July 2014
David S Fromhart 
Court Case:   8:2014-bk-04843
Chapter: 7, A chapter 7
( ... of repayment as in chapter 13. Instead, the bankruptcy trustee gathers ...) §7
Filed: April 29, 2014
Discharged: July 28, 2014



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.