personal-bankruptc

Bankruptcy Database

Robert Barszczewski - Romeoville, Illinois

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Barszczewski, Robert - Romeoville, Illinois (Court Case:15-16999)

Bankruptcy filed - May 2015, discharged - August 2015
Robert Barszczewski 
Court Case:   15-16999
Chapter: 7, A chapter 7
( ... involve the filing of a plan of repayment ...) §7
Filed: May 12, 2015
Discharged: August 10, 2015



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.