personal-bankruptc

Bankruptcy Database

Scott Thomas Bartsch - Schaumburg, Illinois

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Bartsch, Scott Thomas - Schaumburg, Illinois (Court Case:13-14285)

Bankruptcy filed - February 2013, discharged - June 2013
Scott Thomas Bartsch 
Court Case:   13-14285
Chapter: 7, A chapter 7
( ... a trustee will liquidate the debtor's remaining assets. Accordingly, ...) §7
Filed: February 25, 2013
Discharged: June 03, 2013



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.