La Ahchanel A Las Vegas Nevada

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Debtor: A, La Ahchanel - Las Vegas, Nevada (NV)

Bankruptcy filed - May 2013, discharged - August 2013
Court Case: 13-14687 (Nevada Bankruptcy Court)
Chapter: 7, A chapter 7 ... chapter 13. Instead, the bankruptcy trustee gathers and ... §7
Filed: May 28, 2013
Discharged: August 27, 2013

La Ahchanel A   Address: 3565 Las Vegas Boulevard South # 1211 Las Vegas, 89109-8919 Nevada

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.