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William Ray Fausett - Jacksonville, Arkansas

Debtor:

ᐅ Fausett, William Ray - Jacksonville, Arkansas (Court Case:4:11-bk-13267)

Bankruptcy filed - May 2011, discharged - August 2011
Full Name: William Ray Fausett 
Court Case:   4:11-bk-13267
Chapter 7: Chapter 13 bankruptcy is characterized by its repayment plan, which does not involve the liquidation of the debtor's assets. In this arrangement, instead of selling nonexempt property to pay creditors, the debtor makes payments through a structured plan overseen by a trustee. This approach allows debtors to retain their assets while working towards debt resolution.
Filed: May 17, 2011
Discharged: August 20, 2011