Pierre Aarons Gainesville Florida

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Debtor: Aarons, Pierre - Gainesville, Florida (FL)

Bankruptcy filed - November 2010, discharged - March 2011
Court Case: 10-10615 (Florida Bankruptcy Court)
Chapter: 7, A chapter 7 ... that pledge the property to other creditors. In addition, the ... §7
Filed: November 23, 2010
Discharged: March 18, 2011

Pierre Aarons   Address: 4902 Southwest 67th Terrace Gainesville, 32608 Florida

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.