Altonio Vaughn Aaron Columbus Georgia

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Debtor: Aaron, Altonio Vaughn - Columbus, Georgia (GA)

Bankruptcy filed - November 2013, discharged - February 2014
Court Case: 13-41073 (Georgia Bankruptcy Court)
Chapter: 7, A chapter 7 ... a plan of repayment as in ... §7
Filed: November 18, 2013
Discharged: February 28, 2014

Altonio Vaughn Aaron   Address: 5300 Woodruff Farm Road Apartment 130 Columbus, 31907 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.