Resniel Abalo West Palm Beach Florida

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Debtor: Abalo, Resniel - West Palm Beach, Florida (FL)

Bankruptcy filed - November 2013, discharged - February 2014
Court Case: 13-37629 (Florida Bankruptcy Court)
Chapter: 7, A chapter 7 ... creditors. In addition, the Bankruptcy Code will allow the debtor to keep ... §7
Filed: November 17, 2013
Discharged: February 21, 2014

Resniel Abalo   Address: 864 East Dolphin Ridge Road West Palm Beach, 33406 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.