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Carl Martin Schaffnit - Huachuca City, Arizona

Debtor:

ᐅ Schaffnit, Carl Martin - Huachuca City, Arizona (Court Case:4:15-bk-02503)

Bankruptcy filed - March 2015, discharged - June 2015
Full Name: Carl Martin Schaffnit 
Court Case:   4:15-bk-02503
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: March 09, 2015
Discharged: June 07, 2015