ᐅ Colosimo, John M - Jacksonville, Arkansas (Court Case:4:14-bk-12511)
Bankruptcy filed - May 2014, discharged - August 2014
Full Name: John M Colosimo
Court Case:
4:14-bk-12511
Chapter 7:
Chapter 7 bankruptcy differs from Chapter 13 in that it does not require a repayment plan. Instead, it involves a trustee selling the debtor's nonexempt assets to repay creditors, following the rules of the Bankruptcy Code. Debtors may keep exempt assets but risk losing other property through this process.
ᐅ Colosimo, John M - Jacksonville, Arkansas (Court Case:4:2014-bk-12511)
Bankruptcy filed - May 2014, discharged - August 2014
Full Name: John M Colosimo
Court Case:
4:2014-bk-12511
Chapter 7:
Chapter 7 bankruptcy differs from Chapter 13 in that it does not require a repayment plan. Instead, it involves a trustee selling the debtor's nonexempt assets to repay creditors, following the rules of the Bankruptcy Code. Debtors may keep exempt assets but risk losing other property through this process.
