personal-bankruptc

     7 Million Searchable Bankruptcy Files. Stop paying for leads!

Bankruptcy Database

Michael Toberer - Raeford, North Carolina

Debtor:

ᐅ Toberer, Michael - Raeford, North Carolina (Court Case:12-92688)

Bankruptcy filed - October 2012, discharged - January 2013
Full Name: Michael Toberer 
Court Case:   12-92688
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 11, 2012
Discharged: January 09, 2013