Susan R Aarvig Bloomington 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: Aarvig, Susan R - Bloomington, Minnesota (MN)

Bankruptcy filed - August 2014, discharged - November 2014
Court Case: 14-43460 (Minnesota Bankruptcy Court)
Chapter: 7, A chapter 7 ... Code will allow the debtor to keep ... §7
Filed: August 21, 2014
Discharged: November 19, 2014

Susan R Aarvig   Address: 8706 Dupont Avenue South Bloomington, 55420-2626 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.