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Terence C Tracey - Tecumseh, Michigan

Debtor:

ᐅ Tracey, Terence C - Tecumseh, Michigan (Court Case:2014-54752)

Bankruptcy filed - September 2014, discharged - December 2014
Full Name: Terence C Tracey 
Court Case:   2014-54752
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: September 17, 2014
Discharged: December 16, 2014