Chad Jonathan Abadie Port Barre Louisiana

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Debtor: Abadie, Chad Jonathan - Port Barre, Louisiana (LA)

Bankruptcy filed - June 2015, discharged - September 2015
Court Case: 15-50695 (Louisiana Bankruptcy Court)
Chapter: 7, A chapter 7 ... filing of a plan of repayment as in chapter 13. Instead, ... §7
Filed: June 08, 2015
Discharged: September 06, 2015

Chad Jonathan Abadie   Address: PO Box 1506 Port Barre, 70577-1506 Louisiana

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.