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John Edward Tracy - Palm Bay, Florida

Debtor:

ᐅ Tracy, John Edward - Palm Bay, Florida (Court Case:6:08-bk-05436)

Bankruptcy filed - June 2008, discharged - October 2008
Full Name: John Edward Tracy 
Court Case:   6:08-bk-05436
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 26, 2008
Discharged: October 12, 2008