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Jose R Palencia - Lancaster, California

Debtor:

ᐅ Palencia, Jose R - Lancaster, California (Court Case:2:14-bk-21814-RN)

Bankruptcy filed - June 2014, discharged - October 2014
Full Name: Jose R Palencia 
Court Case:   2:14-bk-21814-RN
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 17, 2014
Discharged: October 05, 2014