Araceli Morquecho Abalos Las Vegas Nevada

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Bankruptcy Database

A
B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Debtor: Abalos, Araceli Morquecho - Las Vegas, Nevada (NV)

Bankruptcy filed - July 2014, discharged - November 2014
Court Case: 14-15114 (Nevada Bankruptcy Court)
Chapter: 7, A chapter 7 ... in chapter 13. Instead, the bankruptcy trustee gathers and sells ... §7
Filed: July 27, 2014
Discharged: November 03, 2014

Araceli Morquecho Abalos   Address: 3344 Mariner Bay Street Las Vegas, 89117-2318 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.