Janis Maria Aamodt Saint Paul Minnesota

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Debtor: Aamodt, Janis Maria - Saint Paul, Minnesota (MN)

Bankruptcy filed - July 2015, discharged - October 2015
Court Case: 15-32565 (Minnesota Bankruptcy Court)
Chapter: 7, A chapter 7 ... will allow the debtor to keep certain "exempt" property; but ... §7
Filed: July 13, 2015
Discharged: October 11, 2015

Janis Maria Aamodt   Address: 1342 Goodrich Avenue Saint Paul, 55105-2305 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.