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Phillip G Krause - Brentwood, Tennessee

Debtor:

ᐅ Krause, Phillip G - Brentwood, Tennessee (Court Case:3:13-bk-06978)

Bankruptcy filed - August 2013, discharged - November 2013
Full Name: Phillip G Krause 
Court Case:   3:13-bk-06978
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 11, 2013
Discharged: November 15, 2013