Debra Dawn Aaron Indianapolis Indiana

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Debtor: Aaron, Debra Dawn - Indianapolis, Indiana (IN)

Bankruptcy filed - April 2014, discharged - July 2014
Court Case: 2014-03703-JMC-7 (Indiana Bankruptcy Court)
Chapter: 7, A chapter 7 ... to liens and mortgages that pledge the property to ... §7
Filed: April 23, 2014
Discharged: July 22, 2014

Debra Dawn Aaron   Address: 1247 North Tibbs Avenue Indianapolis, 46222-3022 Indiana

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.