Atkins Aaron Hollywood Florida

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Debtor: Aaron, Atkins - Hollywood, Florida (FL)

Bankruptcy filed - July 2014, discharged - October 2014
Court Case: 2014-27519 (Florida Bankruptcy Court)
Chapter: 7, A chapter 7 ... pledge the property to other creditors. In addition, the Bankruptcy Code ... §7
Filed: July 31, 2014
Discharged: October 29, 2014

Atkins Aaron   Address: 3222 Mckinley Street Hollywood, 33021-5029 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.