Brenda A Aaron Bryant Arkansas

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Debtor: Aaron, Brenda A - Bryant, Arkansas (AR)

Bankruptcy filed - August 2015, discharged - November 2015
Court Case: 4:15-bk-14043 (Arkansas Bankruptcy Court)
Chapter: 7, A chapter 7 ... debtor to keep certain "exempt" property; but a ... §7
Filed: August 16, 2015
Discharged: November 14, 2015

Brenda A Aaron   Address: 301 Southeast 3rd Street Bryant, 72022-4035 Arkansas

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.