Terri A Aahl Bothell Washington

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Debtor: Aahl, Terri A - Bothell, Washington (WA)

Bankruptcy filed - February 2013, discharged - June 2013
Court Case: 13-11353 (Washington Bankruptcy Court)
Chapter: 7, A chapter 7 ... bankruptcy trustee gathers and sells the debtor's nonexempt assets and ... §7
Filed: February 17, 2013
Discharged: June 17, 2013

Terri A Aahl   Address: 18705 101st Avenue Northeast Bothell, 98011-3808 Washington

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.