personal-bankruptc

Bankruptcy Database

Kristen Diane Bentley - Lenoir City, Tennessee

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Bentley, Kristen Diane - Lenoir City, Tennessee (Court Case:3:13-bk-30817)

Bankruptcy filed - March 2013, discharged - June 2013
Kristen Diane Bentley 
Court Case:   3:13-bk-30817
Chapter: 7, A chapter 7
( ... will allow the debtor to keep certain "exempt" ...) §7
Filed: March 04, 2013
Discharged: June 08, 2013



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.