Abbi Ellen Aaron North Bellmore New York

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Debtor: Aaron, Abbi Ellen - North Bellmore, New York (NY)

Bankruptcy filed - April 2015, discharged - July 2015
Court Case: 8-15-71511 (New York Bankruptcy Court)
Chapter: 7, A chapter 7 ... the provisions of the Bankruptcy Code. ... §7
Filed: April 09, 2015
Discharged: July 08, 2015

Abbi Ellen Aaron   Address: 2510 North Jerusalem Road Apartment 7 North Bellmore, 11710-1130 New York

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.