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Jacob Johnson - Ellerslie, Georgia

Debtor:

ᐅ Johnson, Jacob - Ellerslie, Georgia (Court Case:10-41566)

Bankruptcy filed - December 2010, discharged - April 2011
Full Name: Jacob Johnson 
Court Case:   10-41566
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 13, 2010
Discharged: April 04, 2011