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Richard Leo Abair - Chicopee, Massachusetts

Debtor:

ᐅ Abair, Richard Leo - Chicopee, Massachusetts (Court Case:14-30102)

Bankruptcy filed - February 2014, discharged - May 2014
Full Name: Richard Leo Abair 
Court Case:   14-30102
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: February 06, 2014
Discharged: May 07, 2014