personal-bankruptc

     7 Million Searchable Bankruptcy Files. Stop paying for leads!

Bankruptcy Database

Michael F Abel - Holt, Michigan

Debtor:

ᐅ Abel, Michael F - Holt, Michigan (Court Case:09-12034)

Bankruptcy filed - October 2009, discharged - January 2010
Full Name: Michael F Abel 
Court Case:   09-12034
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: October 12, 2009
Discharged: January 16, 2010