Timothy Noel Aalders American Fork Utah

7 Million Searchable Bankruptcy Files
Stop paying for leads!

Bankruptcy Database

A
B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Debtor: Aalders, Timothy Noel - American Fork, Utah (UT)

Bankruptcy filed - September 2011, discharged - December 2011
Court Case: 11-33485 (Utah Bankruptcy Court)
Chapter: 7, A chapter 7 ... Bankruptcy Code will allow the debtor to keep certain "exempt" ... §7
Filed: September 14, 2011
Discharged: December 18, 2011

Timothy Noel Aalders   Address: 5306 West 10320 North American Fork, 84003-3624 Utah

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.