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Leonardo Razo - Montebello, California

Debtor:

ᐅ Razo, Leonardo - Montebello, California (Court Case:2:12-bk-51543-PC)

Bankruptcy filed - December 2012, discharged - March 2013
Full Name: Leonardo Razo 
Court Case:   2:12-bk-51543-PC
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: December 19, 2012
Discharged: March 31, 2013