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Peter Testa - Orange, Connecticut

Debtor:

ᐅ Testa, Peter - Orange, Connecticut (Court Case:11-32094)

Bankruptcy filed - August 2011, discharged - November 2011
Full Name: Peter Testa 
Court Case:   11-32094
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: August 10, 2011
Discharged: November 26, 2011