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May Soriano Layug - Jamesburg, New Jersey

Debtor:

ᐅ Layug, May Soriano - Jamesburg, New Jersey (Court Case:2014-20144)

Bankruptcy filed - May 2014, discharged - August 2014
Full Name: May Soriano Layug 
Court Case:   2014-20144
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: May 18, 2014
Discharged: August 16, 2014