Jr Richard Leslie Aaron Brighton Colorado

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Debtor: Aaron, Jr Richard Leslie - Brighton, Colorado (CO)

Bankruptcy filed - July 2011, discharged - November 2011
Court Case: 11-28287 (Colorado Bankruptcy Court)
Chapter: 7, A chapter 7 ... Instead, the bankruptcy trustee gathers and ... §7
Filed: July 29, 2011
Discharged: November 27, 2011

Jr Richard Leslie Aaron   Address: 6614 East 123rd Drive Brighton, 80602 Colorado

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.