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Jr Richard Russell - Sopchoppy, Florida

Debtor:

ᐅ Russell, Jr Richard - Sopchoppy, Florida (Court Case:09-41188)

Bankruptcy filed - December 2009, discharged - April 2010
Full Name: Jr Richard Russell 
Court Case:   09-41188
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 22, 2009
Discharged: April 11, 2010