Jessica Lee Aaron Covington Georgia

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Debtor: Aaron, Jessica Lee - Covington, Georgia (GA)

Bankruptcy filed - February 2012, discharged - June 2012
Court Case: 12-54648 (Georgia Bankruptcy Court)
Chapter: 7, A chapter 7 ... liens and mortgages that pledge the property to other creditors. In addition, ... §7
Filed: February 22, 2012
Discharged: June 16, 2012

Jessica Lee Aaron   Address: 5217 Odum Street Northwest Covington, 30014 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.