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Norma Osmon - Bald Knob, Arkansas

Debtor:

ᐅ Osmon, Norma - Bald Knob, Arkansas (Court Case:4:10-bk-14552)

Bankruptcy filed - June 2010, discharged - September 2010
Full Name: Norma Osmon 
Court Case:   4:10-bk-14552
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: June 24, 2010
Discharged: September 27, 2010