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Roland Krumbein - Tenafly, New Jersey

Debtor:

ᐅ Krumbein, Roland - Tenafly, New Jersey (Court Case:09-43350)

Bankruptcy filed - December 2009, discharged - March 2010
Full Name: Roland Krumbein 
Court Case:   09-43350
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 09, 2009
Discharged: March 16, 2010