Edwards Maudestia Aaron Atlanta Georgia

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Debtor: Aaron, Edwards Maudestia - Atlanta, Georgia (GA)

Bankruptcy filed - January 2015, discharged - April 2015
Court Case: 15-51655 (Georgia Bankruptcy Court)
Chapter: 7, A chapter 7 ... sells the debtor's nonexempt assets and ... §7
Filed: January 27, 2015
Discharged: April 27, 2015

Edwards Maudestia Aaron   Address: 4450 Granada Drive Atlanta, 30349-1906 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.