Tiffany Marie Aaron Pell City Alabama

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Debtor: Aaron, Tiffany Marie - Pell City, Alabama (AL)

Bankruptcy filed - March 2016, discharged - May 2016
Court Case: 16-40364 (Alabama Bankruptcy Court)
Chapter: 7, A chapter 7 ... with the provisions of the Bankruptcy Code. Part of the ... §7
Filed: March 01, 2016
Discharged: May 30, 2016

Tiffany Marie Aaron   Address: 702 Maple Village Court Pell City, 35128-7468 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.