Maria Rosalie G Abad Las Vegas Nevada

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Debtor: Abad, Maria Rosalie G - Las Vegas, Nevada (NV)

Bankruptcy filed - January 2011, discharged - April 2011
Court Case: 11-10050 (Nevada Bankruptcy Court)
Chapter: 7, A chapter 7 ... remaining assets. Accordingly, potential debtors should realize that the filing of ... §7
Filed: January 02, 2011
Discharged: April 10, 2011

Maria Rosalie G Abad   Address: 8246 Azure Shores Court Las Vegas, 89117-9134 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.