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John S Thomson - Warwick, New York

Debtor:

ᐅ Thomson, John S - Warwick, New York (Court Case:11-35017)

Bankruptcy filed - January 2011, discharged - April 2011
Full Name: John S Thomson 
Court Case:   11-35017
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: January 04, 2011
Discharged: April 26, 2011