personal-bankruptc

     7 Million Searchable Bankruptcy Files. Stop paying for leads!

Bankruptcy Database

Angel Ortiz - Chicago, Illinois

Debtor:

ᐅ Ortiz, Angel - Chicago, Illinois (Court Case:10-55838)

Bankruptcy filed - December 2010, discharged - March 2011
Full Name: Angel Ortiz 
Court Case:   10-55838
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: December 17, 2010
Discharged: March 25, 2011