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Terry Lee Abercrombie - South Lyon, Michigan

Debtor:

ᐅ Abercrombie, Terry Lee - South Lyon, Michigan (Court Case:13-52312)

Bankruptcy filed - June 2013, discharged - September 2013
Full Name: Terry Lee Abercrombie 
Court Case:   13-52312
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: June 19, 2013
Discharged: September 23, 2013