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Sergio I Olvera - Beaumont, California

Debtor:

ᐅ Olvera, Sergio I - Beaumont, California (Court Case:6:16-bk-13214-SC)

Bankruptcy filed - April 2016, discharged - July 2016
Full Name: Sergio I Olvera 
Court Case:   6:16-bk-13214-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: April 08, 2016
Discharged: July 07, 2016