personal-bankruptc

Bankruptcy Database

Nicholas Andrew Cooke - Granite Falls, Washington

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Debtor:

ᐅ Cooke, Nicholas Andrew - Granite Falls, Washington (Court Case:11-15892)

Bankruptcy filed - May 2011, discharged - September 2011
Nicholas Andrew Cooke 
Court Case:   11-15892
Chapter: 7, A chapter 7
( ... Part of the debtor's property may be subject ...) §7
Filed: May 17, 2011
Discharged: September 02, 2011



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.