Shykenia L Aaron Brandywine Maryland

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Debtor: Aaron, Shykenia L - Brandywine, Maryland (MD)

Bankruptcy filed - July 2016, discharged - October 2016
Court Case: 16-19238 (Maryland Bankruptcy Court)
Chapter: 7, A chapter 7 ... gathers and sells the debtor's nonexempt assets ... §7
Filed: July 07, 2016
Discharged: October 05, 2016

Shykenia L Aaron   Address: 15516 Kennett Square Way Brandywine, 20613-6239 Maryland

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.