ᐅ Patel, Kantibhai M - Des Plaines, Illinois (Court Case:2014-25388)
Bankruptcy filed - July 2014, discharged - October 2014
Full Name: Kantibhai M Patel
Court Case:
2014-25388
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.
ᐅ Patel, Kantibhai M - Des Plaines, Illinois (Court Case:13-30503)
Bankruptcy filed - July 2013, discharged - November 2013
Full Name: Kantibhai M Patel
Court Case:
13-30503
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.
