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Richard Aaron - Cambridge, Maryland

Debtor:

ᐅ Aaron, Richard - Cambridge, Maryland (Court Case:09-34957)

Bankruptcy filed - December 2009, discharged - March 2010
Full Name: Richard Aaron 
Court Case:   09-34957
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 21, 2009
Discharged: March 27, 2010