Mark Anthony Aaron Terre Haute Indiana

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Debtor: Aaron, Mark Anthony - Terre Haute, Indiana (IN)

Bankruptcy filed - April 2011, discharged - July 2011
Court Case: 11-80512-FJO-7 (Indiana Bankruptcy Court)
Chapter: 7, A chapter 7 ... potential debtors should realize that the filing of a petition under chapter ... §7
Filed: April 17, 2011
Discharged: July 22, 2011

Mark Anthony Aaron   Address: 2408 Dillman Street Terre Haute, 47802 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.