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La Cruz Abraham De - Baker, California


ᐅ De, La Cruz Abraham - Baker, California (Court Case:6:11-bk-28632-DS)

Bankruptcy filed - June 2011, discharged - October 2011
Full Name: La Cruz Abraham De 
Court Case:   6:11-bk-28632-DS
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 06, 2011
Discharged: October 09, 2011