Jr William Orvie Aaron Wausau Wisconsin

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Debtor: Aaron, Jr William Orvie - Wausau, Wisconsin (WI)

Bankruptcy filed - August 2013, discharged - November 2013
Court Case: 13-01719 (Wisconsin Bankruptcy Court)
Chapter: 7, A chapter 7 ... holders of claims (creditors) in accordance with the provisions of the ... §7
Filed: August 21, 2013
Discharged: November 19, 2013

Jr William Orvie Aaron   Address: 703 Lincoln Avenue # 3 Wausau, 54403-3666 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.