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David Traub - Oak Park, Illinois

Debtor:

ᐅ Traub, David - Oak Park, Illinois (Court Case:09-37467)

Bankruptcy filed - October 2009, discharged - January 2010
Full Name: David Traub 
Court Case:   09-37467
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: October 07, 2009
Discharged: January 13, 2010