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Bakir Shabazz - Jersey City, New Jersey

Debtor:

ᐅ Shabazz, Bakir - Jersey City, New Jersey (Court Case:11-22197)

Bankruptcy filed - April 2011, discharged - August 2011
Full Name: Bakir Shabazz 
Court Case:   11-22197
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: April 18, 2011
Discharged: August 08, 2011