Lizzie W Aaron Charlotte North Carolina

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Debtor: Aaron, Lizzie W - Charlotte, North Carolina (NC)

Bankruptcy filed - August 2015, discharged - November 2015
Court Case: 15-31321 (North Carolina Bankruptcy Court)
Chapter: 7, A chapter 7 ... other creditors. In addition, the Bankruptcy Code will allow ... §7
Filed: August 25, 2015
Discharged: November 23, 2015

Lizzie W Aaron   Address: 4336 La Brea Drive Charlotte, 28216-2220 North Carolina

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.