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Cherie Yolanda Prescod - Sarasota, Florida

Debtor:

ᐅ Prescod, Cherie Yolanda - Sarasota, Florida (Court Case:8:15-bk-06379)

Bankruptcy filed - June 2015, discharged - September 2015
Full Name: Cherie Yolanda Prescod 
Court Case:   8:15-bk-06379
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 18, 2015
Discharged: September 16, 2015