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Jay Zemp - Palo Cedro, California

Debtor:

ᐅ Zemp, Jay - Palo Cedro, California (Court Case:09-49659)

Bankruptcy filed - December 2009, discharged - April 2010
Full Name: Jay Zemp 
Court Case:   09-49659
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 23, 2009
Discharged: April 02, 2010