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David Scott Reeves Creswell Oregon

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Debtor:

ᐅ Reeves, David Scott - Creswell, Oregon (OR)

Bankruptcy filed - September 2011, discharged - January 2012
Court Case: 11-64708 (Oregon Bankruptcy Court)
Chapter: 7, A chapter 7 ... to other creditors. In addition, the Bankruptcy Code will allow ... §7
Filed: September 22, 2011
Discharged: January 08, 2012

David Scott Reeves Oregon  
Address: 700 North Mill Street Unit 101 Creswell , 97426-9684 Oregon

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.