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John Wayne Mccormick - Baldwin Park, California

Debtor:

ᐅ Mccormick, John Wayne - Baldwin Park, California (Court Case:2:13-bk-30469-RK)

Bankruptcy filed - August 2013, discharged - November 2013
Full Name: John Wayne Mccormick 
Court Case:   2:13-bk-30469-RK
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 13, 2013
Discharged: November 17, 2013