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Perla Laurel Velasquez - Danville, Kentucky

Debtor:

ᐅ Velasquez, Perla Laurel - Danville, Kentucky (Court Case:11-52745-jl)

Bankruptcy filed - September 2011, discharged - January 2012
Full Name: Perla Laurel Velasquez 
Court Case:   11-52745-jl
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: September 29, 2011
Discharged: January 15, 2012