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Philip W Strout - Windham, Maine

Debtor:

ᐅ Strout, Philip W - Windham, Maine (Court Case:2014-20218)

Bankruptcy filed - March 2014, discharged - June 2014
Full Name: Philip W Strout 
Court Case:   2014-20218
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: March 30, 2014
Discharged: June 28, 2014