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Gary M Schad - Macedonia, Ohio

Debtor:

ᐅ Schad, Gary M - Macedonia, Ohio (Court Case:11-52733)

Bankruptcy filed - July 2011, discharged - October 2011
Full Name: Gary M Schad 
Court Case:   11-52733
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: July 13, 2011
Discharged: October 18, 2011