Tamar T Aaron Milwaukee Wisconsin

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Debtor: Aaron, Tamar T - Milwaukee, Wisconsin (WI)

Bankruptcy filed - May 2016, discharged - August 2016
Court Case: 16-24893 (Wisconsin Bankruptcy Court)
Chapter: 7, A chapter 7 ... other creditors. In addition, the Bankruptcy Code will allow ... §7
Filed: May 11, 2016
Discharged: August 09, 2016

Tamar T Aaron   Address: 9304 West Brown Deer Road Apartment 3 Milwaukee, 53224-2017 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.