Wade Alen Aarant Menasha Wisconsin

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Debtor: Aarant, Wade Alen - Menasha, Wisconsin (WI)

Bankruptcy filed - December 2012, discharged - March 2013
Court Case: 12-37596 (Wisconsin Bankruptcy Court)
Chapter: 7, A chapter 7 ... a plan of repayment as in chapter 13. Instead, the bankruptcy ... §7
Filed: December 16, 2012
Discharged: March 22, 2013

Wade Alen Aarant   Address: 1455 Kenwood Drive Apartment 1 Menasha, 54952 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.