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Michael Balasa - Elk Grove Village, Illinois

Debtor:

ᐅ Balasa, Michael - Elk Grove Village, Illinois (Court Case:10-08469)

Bankruptcy filed - February 2010, discharged - June 2010
Full Name: Michael Balasa 
Court Case:   10-08469
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: February 27, 2010
Discharged: June 13, 2010