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Thomas J Schaefer - Lowell, Massachusetts

Debtor:

ᐅ Schaefer, Thomas J - Lowell, Massachusetts (Court Case:15-40437)

Bankruptcy filed - March 2015, discharged - June 2015
Full Name: Thomas J Schaefer 
Court Case:   15-40437
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 08, 2015
Discharged: June 06, 2015