Annetta Lou Aaberg Andover Minnesota

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Bankruptcy Database

A
B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Debtor: Aaberg, Annetta Lou - Andover, Minnesota (MN)

Bankruptcy filed - May 2012, discharged - August 2012
Court Case: 12-42806 (Minnesota Bankruptcy Court)
Chapter: 7, A chapter 7 ... to keep certain "exempt" property; but a trustee will liquidate the ... §7
Filed: May 08, 2012
Discharged: August 07, 2012

Annetta Lou Aaberg   Address: 17245 Owatonna Street Northeast Andover, 55304 Minnesota

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.