Sossy M Abadjian Las Vegas Nevada

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Debtor: Abadjian, Sossy M - Las Vegas, Nevada (NV)

Bankruptcy filed - August 2013, discharged - December 2013
Court Case: 13-17496 (Nevada Bankruptcy Court)
Chapter: 7, A chapter 7 ... may be subject to liens and ... §7
Filed: August 29, 2013
Discharged: December 02, 2013

Sossy M Abadjian   Address: 565 East Saint Louis Avenue Las Vegas, 89104-2564 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.