Melissa Abalos Las Vegas Nevada

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Debtor: Abalos, Melissa - Las Vegas, Nevada (NV)

Bankruptcy filed - June 2011, discharged - September 2011
Court Case: 11-19852 (Nevada Bankruptcy Court)
Chapter: 7, A chapter 7 ... will liquidate the debtor's remaining assets. Accordingly, ... §7
Filed: June 22, 2011
Discharged: September 25, 2011

Melissa Abalos   Address: 9377 Lotus Elan Drive Las Vegas, 89117-7104 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.