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Jorge Augusto Novelo - Murrieta, California

Debtor:

ᐅ Novelo, Jorge Augusto - Murrieta, California (Court Case:6:16-bk-15498-MJ)

Bankruptcy filed - June 2016, discharged - September 2016
Full Name: Jorge Augusto Novelo 
Court Case:   6:16-bk-15498-MJ
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 19, 2016
Discharged: September 17, 2016