personal-bankruptc

Bankruptcy Database

Jennifer Ann Cardona - Jackson, Kentucky

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Cardona, Jennifer Ann - Jackson, Kentucky (Court Case:15-50177)

Bankruptcy filed - January 2015, discharged - May 2015
Jennifer Ann Cardona 
Court Case:   15-50177
Chapter: 7, A chapter 7
( ... a trustee will liquidate the debtor's remaining ...) §7
Filed: January 31, 2015
Discharged: May 01, 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.