Rojas Rose Marie Aasen Alpharetta Georgia

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Debtor: Aasen, Rojas Rose Marie - Alpharetta, Georgia (GA)

Bankruptcy filed - July 2015, discharged - October 2015
Court Case: 15-21543 (Georgia Bankruptcy Court)
Chapter: 7, A chapter 7 ... that the filing of a petition under chapter 7 may ... §7
Filed: July 30, 2015
Discharged: October 28, 2015

Rojas Rose Marie Aasen   Address: 6465 Atlanta Highway Lot 2N Alpharetta, 30004-0717 Georgia

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.