Jason Dean Aaron Granite City Illinois

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Debtor: Aaron, Jason Dean - Granite City, Illinois (IL)

Bankruptcy filed - May 2014, discharged - August 2014
Court Case: 2014-30752 (Illinois Bankruptcy Court)
Chapter: 7, A chapter 7 ... and uses the proceeds of such assets to pay holders of ... §7
Filed: May 04, 2014
Discharged: August 02, 2014

Jason Dean Aaron   Address: 3323 Country Place Lane Apartment A Granite City, 62040-7702 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.