Shuntay K Aaron Little Rock Arkansas

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Debtor: Aaron, Shuntay K - Little Rock, Arkansas (AR)

Bankruptcy filed - November 2015, discharged - January 2016
Court Case: 4:15-bk-15544 (Arkansas Bankruptcy Court)
Chapter: 7, A chapter 7 ... with the provisions of the Bankruptcy Code. Part of ... §7
Filed: November 01, 2015
Discharged: January 30, 2016

Shuntay K Aaron   Address: 15000 Chenal Parkway Apartment G105 Little Rock, 72211-2063 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.