personal-bankruptc

     7 Million Searchable Bankruptcy Files. Stop paying for leads!

Bankruptcy Database

Katie L Thompson - Adams, New York

Debtor:

ᐅ Thompson, Katie L - Adams, New York (Court Case:16-30544-5)

Bankruptcy filed - April 2016, discharged - July 2016
Full Name: Katie L Thompson 
Court Case:   16-30544-5
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: April 11, 2016
Discharged: July 10, 2016