Shawn Aaron Covington Georgia

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Debtor: Aaron, Shawn - Covington, Georgia (GA)

Bankruptcy filed - May 2014, discharged - August 2014
Court Case: 2014-58869 (Georgia Bankruptcy Court)
Chapter: 7, A chapter 7 ... subject to liens and mortgages that pledge the property to other creditors. ... §7
Filed: May 04, 2014
Discharged: August 02, 2014

Shawn Aaron   Address: 50 Adams Drive Covington, 30016-3043 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.