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Michael Lavern Simonson - South Beloit, Illinois

Debtor:

ᐅ Simonson, Michael Lavern - South Beloit, Illinois (Court Case:11-82169)

Bankruptcy filed - May 2011, discharged - August 2011
Full Name: Michael Lavern Simonson 
Court Case:   11-82169
Chapter 7: Chapter 13 bankruptcy is characterized by its repayment plan, which does not involve the liquidation of the debtor's assets. In this arrangement, instead of selling nonexempt property to pay creditors, the debtor makes payments through a structured plan overseen by a trustee. This approach allows debtors to retain their assets while working towards debt resolution.
Filed: May 11, 2011
Discharged: August 17, 2011