David Lawrence Aanas La Crosse Wisconsin

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Debtor: Aanas, David Lawrence - La Crosse, Wisconsin (WI)

Bankruptcy filed - November 2013, discharged - February 2014
Court Case: 1-13-15386 (Wisconsin Bankruptcy Court)
Chapter: 7, A chapter 7 ... Part of the debtor's property may be subject to liens ... §7
Filed: November 04, 2013
Discharged: February 14, 2014

David Lawrence Aanas   Address: 1449 Caledonia Street La Crosse, 54603 Wisconsin

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.