Bonita Louise Aaron Bedford Heights Ohio

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Debtor: Aaron, Bonita Louise - Bedford Heights, Ohio (OH)

Bankruptcy filed - March 2013, discharged - June 2013
Court Case: 13-11402 (Ohio Bankruptcy Court)
Chapter: 7, A chapter 7 ... 13. Instead, the bankruptcy trustee gathers and sells ... §7
Filed: March 04, 2013
Discharged: June 09, 2013

Bonita Louise Aaron   Address: 6115 Ridgeway Drive Bedford Heights, 44146 Ohio

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.