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Robert Wilson Holton Barboursville West Virginia

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Debtor:

ᐅ Holton, Robert Wilson - Barboursville, West Virginia (WV)

Bankruptcy filed - February 2012, discharged - May 2012
Court Case: 3:12-bk-30101 (West Virginia Bankruptcy Court)
Chapter: 7, A chapter 7 ... keep certain "exempt" property; but a trustee will liquidate the ... §7
Filed: February 22, 2012
Discharged: May 23, 2012

Robert Wilson Holton West Virginia  
Address: 21 Colonial Court Barboursville , 25504 West Virginia

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.