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Michael Yahaya Abanise - Rialto, California

Debtor:

ᐅ Abanise, Michael Yahaya - Rialto, California (Court Case:6:11-bk-37387-DS)

Bankruptcy filed - August 2011, discharged - December 2011
Full Name: Michael Yahaya Abanise 
Court Case:   6:11-bk-37387-DS
Chapter 7: In the framework of Chapter 13 bankruptcy, a structured repayment plan is central, differing significantly from scenarios where assets are liquidated to satisfy debts. Here, rather than resorting to the sale of the debtor's nonexempt property, a managed plan allows for debt resolution while the debtor retains their property. This method involves organizing payments to creditors, overseen by a trustee, without the need to liquidate assets. It's designed to protect certain assets from being sold, providing a path for debtors to avoid the potential loss of property while addressing their financial obligations.
Filed: August 25, 2011
Discharged: December 28, 2011