Andrew G Aamodt Stephenville Texas

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Debtor: Aamodt, Andrew G - Stephenville, Texas (TX)

Bankruptcy filed - July 2016, discharged - October 2016
Court Case: 16-42728 (Texas Bankruptcy Court)
Chapter: 7, A chapter 7 ... liquidate the debtor's remaining assets. Accordingly, potential debtors should ... §7
Filed: July 17, 2016
Discharged: October 15, 2016

Andrew G Aamodt   Address: 200 Bosque Lane Apartment 407 Stephenville, 76401-3707 Texas

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.