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Allen Abbasi - Aliso Viejo, California


ᐅ Abbasi, Allen - Aliso Viejo, California (Court Case:8:14-bk-13846-ES)

Bankruptcy filed - June 2014, discharged - October 2014
Full Name: Allen Abbasi 
Court Case:   8:14-bk-13846-ES
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 18, 2014
Discharged: October 05, 2014