Sr Thomas Aaron House Springs Missouri

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Debtor: Aaron, Sr Thomas - House Springs, Missouri (MO)

Bankruptcy filed - March 2010, discharged - June 2010
Court Case: 10-43098 (Missouri Bankruptcy Court)
Chapter: 7, A chapter 7 ... that pledge the property to other creditors. In addition, the Bankruptcy ... §7
Filed: March 24, 2010
Discharged: June 29, 2010

Sr Thomas Aaron   Address: 5495 Briarwood Drive House Springs, 63051 Missouri

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.