Tanya A Abad Sunrise Florida

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Debtor: Abad, Tanya A - Sunrise, Florida (FL)

Bankruptcy filed - September 2013, discharged - December 2013
Court Case: 13-31232 (Florida Bankruptcy Court)
Chapter: 7, A chapter 7 ... Code. Part of the debtor's property may ... §7
Filed: September 04, 2013
Discharged: December 09, 2013

Tanya A Abad   Address: 9360 Northwest 39th Court Sunrise, 33351 Florida

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.