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Leonardo B Tierra - North Bergen, New Jersey

Debtor:

ᐅ Tierra, Leonardo B - North Bergen, New Jersey (Court Case:14-34379)

Bankruptcy filed - November 2014, discharged - February 2015
Full Name: Leonardo B Tierra 
Court Case:   14-34379
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: November 30, 2014
Discharged: February 28, 2015