personal-bankruptc

Bankruptcy Database

Janice Lee Dunham - Lowell, Indiana

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Dunham, Janice Lee - Lowell, Indiana (Court Case:14-20163)

Bankruptcy filed - January 2014, discharged - April 2014
Janice Lee Dunham 
Court Case:   14-20163
Chapter: 7, A chapter 7
( ... gathers and sells the debtor's nonexempt assets and uses the ...) §7
Filed: January 26, 2014
Discharged: April 26, 2014



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.