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Carlos Alberto Prieto - Pacoima, California

Debtor:

ᐅ Prieto, Carlos Alberto - Pacoima, California (Court Case:1:14-bk-15634-MT)

Bankruptcy filed - December 2014, discharged - March 2015
Full Name: Carlos Alberto Prieto 
Court Case:   1:14-bk-15634-MT
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: December 25, 2014
Discharged: March 25, 2015