Angela I Abad College Point New York

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: Abad, Angela I - College Point, New York (NY)

Bankruptcy filed - August 2015, discharged - November 2015
Court Case: 1-15-43931 (New York Bankruptcy Court)
Chapter: 7, A chapter 7 ... assets and uses the proceeds of such assets ... §7
Filed: August 26, 2015
Discharged: November 24, 2015

Angela I Abad   Address: 11902 14th Avenue College Point, 11356-1641 New York

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.