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Sr David Alan Thompson - Litchfield Park, Arizona

Debtor:

ᐅ Thompson, Sr David Alan - Litchfield Park, Arizona (Court Case:2:12-bk-14691)

Bankruptcy filed - June 2012, discharged - October 2012
Full Name: Sr David Alan Thompson 
Court Case:   2:12-bk-14691
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: June 28, 2012
Discharged: October 04, 2012