Shanna M Aaron Brighton Colorado

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Debtor: Aaron, Shanna M - Brighton, Colorado (CO)

Bankruptcy filed - August 2015, discharged - November 2015
Court Case: 15-19289 (Colorado Bankruptcy Court)
Chapter: 7, A chapter 7 ... trustee will liquidate the debtor's remaining assets. Accordingly, potential debtors should ... §7
Filed: August 18, 2015
Discharged: November 18, 2015

Shanna M Aaron   Address: 1584 Brighton Drive Brighton, 80601-1914 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.