Debra Susan Aanonsen Marion North Carolina

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Debtor: Aanonsen, Debra Susan - Marion, North Carolina (NC)

Bankruptcy filed - March 2013, discharged - June 2013
Court Case: 13-40164 (North Carolina Bankruptcy Court)
Chapter: 7, A chapter 7 ... in accordance with the provisions of ... §7
Filed: March 24, 2013
Discharged: June 23, 2013

Debra Susan Aanonsen   Address: 1377 Ashe Bridge Road Marion, 28752 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.