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Leonor Salita Mercado - Mays Landing, New Jersey

Debtor:

ᐅ Mercado, Leonor Salita - Mays Landing, New Jersey (Court Case:12-13558)

Bankruptcy filed - February 2012, discharged - June 2012
Full Name: Leonor Salita Mercado 
Court Case:   12-13558
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: February 13, 2012
Discharged: June 04, 2012