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Kathleen Sue Baker - Aliso Viejo, California


ᐅ Baker, Kathleen Sue - Aliso Viejo, California (Court Case:8:12-bk-22265-SC)

Bankruptcy filed - October 2012, discharged - January 2013
Full Name: Kathleen Sue Baker 
Court Case:   8:12-bk-22265-SC
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: October 21, 2012
Discharged: January 31, 2013