Jessica Andrea Abadie Atlanta Georgia

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Debtor: Abadie, Jessica Andrea - Atlanta, Georgia (GA)

Bankruptcy filed - March 2014, discharged - June 2014
Court Case: 2014-56726 (Georgia Bankruptcy Court)
Chapter: 7, A chapter 7 ... debtor to keep certain "exempt" property; but ... §7
Filed: March 31, 2014
Discharged: June 29, 2014

Jessica Andrea Abadie   Address: 1000 Northside Drive Northwest Apartment 1553 Atlanta, 30318-5499 Georgia

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.