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Velazquez Jose Isabel Cervantes - Acampo, California


ᐅ Cervantes, Velazquez Jose Isabel - Acampo, California (Court Case:12-40153)

Bankruptcy filed - November 2012, discharged - February 2013
Full Name: Velazquez Jose Isabel Cervantes 
Court Case:   12-40153
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: November 15, 2012
Discharged: February 23, 2013