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John Toulouse - Cerritos, California

Debtor:

ᐅ Toulouse, John - Cerritos, California (Court Case:2:09-bk-43712-AA)

Bankruptcy filed - November 2009, discharged - March 2010
Full Name: John Toulouse 
Court Case:   2:09-bk-43712-AA
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: November 29, 2009
Discharged: March 11, 2010