Christopher Hurst Aamodt Saint Paul Minnesota

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Debtor: Aamodt, Christopher Hurst - Saint Paul, Minnesota (MN)

Bankruptcy filed - May 2014, discharged - August 2014
Court Case: 2014-32123 (Minnesota Bankruptcy Court)
Chapter: 7, A chapter 7 ... assets. Accordingly, potential debtors should realize that the filing of a ... §7
Filed: May 18, 2014
Discharged: August 16, 2014

Christopher Hurst Aamodt   Address: 1337 Fairmount Avenue Saint Paul, 55105-2704 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.