Joe E Aardweg Madison Alabama

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: Aardweg, Joe E - Madison, Alabama (AL)

Bankruptcy filed - July 2011, discharged - October 2011
Court Case: 11-82511 (Alabama Bankruptcy Court)
Chapter: 7, A chapter 7 ... subject to liens and mortgages that pledge the property to other ... §7
Filed: July 20, 2011
Discharged: October 21, 2011

Joe E Aardweg   Address: 199 Thomas Drive Madison, 35758 Alabama

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.