Mary Aaron Waco Texas

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Bankruptcy Database

Debtor: Aaron, Mary - Waco, Texas (TX)

Bankruptcy filed - October 2010, discharged - January 2011
Court Case: 10-61320 (Texas Bankruptcy Court)
Chapter: 7, A chapter 7 ... Instead, the bankruptcy trustee gathers and sells ... §7
Filed: October 24, 2010
Discharged: January 30, 2011

Mary Aaron   Address: 3301 Lake Heights Drive Waco, 76708 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.