personal-bankruptc

     7 Million Searchable Bankruptcy Files. Stop paying for leads!

Bankruptcy Database

Michael Leary - Burlington, Connecticut

Debtor:

ᐅ Leary, Michael - Burlington, Connecticut (Court Case:10-50036)

Bankruptcy filed - January 2010, discharged - April 2010
Full Name: Michael Leary 
Court Case:   10-50036
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: January 07, 2010
Discharged: April 13, 2010