personal-bankruptc

     7 Million Searchable Bankruptcy Files. Stop paying for leads!

Bankruptcy Database

Teresa Schaefer - Middle Village, New York

Debtor:

ᐅ Schaefer, Teresa - Middle Village, New York (Court Case:1-13-44534)

Bankruptcy filed - July 2013, discharged - October 2013
Full Name: Teresa Schaefer 
Court Case:   1-13-44534
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 23, 2013
Discharged: October 30, 2013