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Oscar Omar Serrano - Riverside, California

Debtor:

ᐅ Serrano, Oscar Omar - Riverside, California (Court Case:6:15-bk-21227-MJ)

Bankruptcy filed - November 2015, discharged - February 2016
Full Name: Oscar Omar Serrano 
Court Case:   6:15-bk-21227-MJ
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 17, 2015
Discharged: February 15, 2016