Ryan Allen Aamold Waconia Minnesota

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Debtor: Aamold, Ryan Allen - Waconia, Minnesota (MN)

Bankruptcy filed - March 2015, discharged - June 2015
Court Case: 15-40721 (Minnesota Bankruptcy Court)
Chapter: 7, A chapter 7 ... to pay holders of claims (creditors) in accordance with ... §7
Filed: March 04, 2015
Discharged: June 02, 2015

Ryan Allen Aamold   Address: 1456 Spinnaker Road # 5 Waconia, 55387-1170 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.