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Karl Michael Torson - Cedar Rapids, Iowa

Debtor:

ᐅ Torson, Karl Michael - Cedar Rapids, Iowa (Court Case:16-00679)

Bankruptcy filed - May 2016, discharged - August 2016
Full Name: Karl Michael Torson 
Court Case:   16-00679
Chapter 7: Chapter 13 bankruptcy is characterized by its repayment plan, which does not involve the liquidation of the debtor's assets. In this arrangement, instead of selling nonexempt property to pay creditors, the debtor makes payments through a structured plan overseen by a trustee. This approach allows debtors to retain their assets while working towards debt resolution.
Filed: May 26, 2016
Discharged: August 24, 2016