Ronald Aaron Las Vegas Nevada

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Debtor: Aaron, Ronald - Las Vegas, Nevada (NV)

Bankruptcy filed - December 2011, discharged - April 2012
Court Case: 11-54721 (Nevada Bankruptcy Court)
Chapter: 7, A chapter 7 ... uses the proceeds of such assets to ... §7
Filed: December 28, 2011
Discharged: April 14, 2012

Ronald Aaron   Address: 2544 Farmington Avenue Las Vegas, 89120-3745 Nevada

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.