Redginal Justin Aaron East Saint Louis Illinois

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Debtor: Aaron, Redginal Justin - East Saint Louis, Illinois (IL)

Bankruptcy filed - June 2016, discharged - September 2016
Court Case: 16-30931 (Illinois Bankruptcy Court)
Chapter: 7, A chapter 7 ... of a plan of repayment as in chapter 13. Instead, the ... §7
Filed: June 13, 2016
Discharged: September 11, 2016

Redginal Justin Aaron   Address: 702 North 76th Street East Saint Louis, 62203-1736 Illinois

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.