personal-bankruptc

Bankruptcy Database

Eric Lamont Dobbins - Louisville, Kentucky

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Dobbins, Eric Lamont - Louisville, Kentucky (Court Case:2014-31523)

Bankruptcy filed - April 2014, discharged - July 2014
Eric Lamont Dobbins 
Court Case:   2014-31523
Chapter: 7, A chapter 7
( ... to keep certain "exempt" property; but a trustee ...) §7
Filed: April 17, 2014
Discharged: July 16, 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.